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Carbon emissions are a major contributor to global warming and premature deaths due to air pollution cost the global economy the equivalent of the combined GDP of India, Canada and Mexico. A cornerstone of the EU’s climate policy is its carbon-trading scheme, which creates a new type of climate risk for the companies concerned, with...
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Global stakeholders are witnessing the effects of climate change — a phenomenon that caused hundreds of billions in economic damages in 2022, ranging from Pakistan’s floods to Europe’s wildfires to California’s droughts. Altogether, 29 events wreaked havoc, including Hurricane Ian, which cost $20 billion. The corporate world recognizes the problem, with thousands of businesses setting net-zero targets....
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