Continuing delays in the fight against climate change could be institutional investors in the coming years, cost billions. This is the result of a recent study is commissioned by the New York management consulting firm Mercer.
The study Climate Change Scenarios - Implications for Strategic Asset Allocation, less than 40 percent of large investors have loaded their portfolios with climate protection-related investments. Therefore, these investors would have their risk management to investment decisions more closely on the effects of climate change. Accordingly, agencies shall rising costs of environmental and climate protection and climate policy measures new risks to assets for retirement dar. The switch to more efficient less CO2-intensive technologies and other necessary efforts to produce climate change by the year 2030 a need for investment of 4 billion €.
The cost of the impact on environment, health and food safety were found to have the potential to add up to up to € 3.2 trillion - that's 3.2 trillion, or about five times that of Switzerland's gross domestic product. Changes in climate policy could increase the costs of CO2 emissions by 6.4 billion euros. The CO2 costs may rise by the year 2030 to € 176 per tonne of C02, with costs so much are more rise, the later policy action is needed and the more predictable and coordinated them, predict the authors of the analysis. According to their calculations, the contribution of climate policy is the long-term risk of a representative structured retirement assets currently at 10 percent.
"For institutional investors will now be important to review their asset structure to estimate the risks from climate change and to develop appropriate investment strategies," said Carl-Heinrich Kehr, a principal in the investment consulting at Mercer in Germany. The study clearly shows that climate change is the uncertainty for long term active institutional investors will increase. Were particularly affected assets for retirement and those who invest in infrastructure projects that could be affected by natural disasters.
"Indicators for current and future investment flows and policies suggest that will be the forerunner of the EU and China / East Asia. It should be noted, however, that the investigated in this study were limited to those regions from which comparable data were available, therefore, primarily the U.S., EU, China / East Asia, India / South Asia, Japan and Russia, "said Kehr.
The study analyzed the potential financial Impacts of climate change on the portfolios of institutional investors using four different climate scenarios by the year 2030 and identifies measures for institutional investors, which should be considered in the strategic asset allocation. involved in the study were 14 major international . institutional investors from Europe, North America and Australein the claims to manage assets worth about 1.6 billion euros.
Source: was EcoReport
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