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Climate Risk, Financial Returns
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Climate Risk, Financial Returns

Bob Litterman and Michael Liebreich
Cleaning Up - Leadership in an Age of Climate C..., 2023
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8

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Climate change has financial ramifications, and stakeholders are placing more emphasis on risk management protocols to assess and account for climate threats. On the Cleaning Up media platform, moderator Michael Liebreich interviews finance expert Bob Litterman on financial risk management in the context of climate. Litterman, a former Goldman Sachs economist, argues that time is of the essence in addressing the costs of global carbon emissions. Executives interested in a robust assessment of risk management in an era of climate change will find this an informative analysis.

Take-Aways

  • Time is running out to create a zero-carbon future and to mitigate environmental impacts. 
  • Climate change effects include rising sea levels, drought, severe storms and extreme temperatures. 
  • To speed the transition to net zero, policy officials must create a market pricing mechanism for carbon.

About the Speakers

Bob Litterman is a founding partner at Kepos Capital. Michael Liebreich hosts the Cleaning Up media platform, which focuses on clean energy, climate dynamics and sustainability issues.

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    T. T. 9 months ago
    The urgency to address climate change is undeniable. Delays in taking meaningful action on carbon emissions have brought us to a critical point. If we had acted sooner, the future outlook would be less dire. The consequences of inaction are evident in rising sea levels, extreme weather events, and other catastrophes. To mitigate this, policy officials need to set carbon pricing mechanisms and encourage businesses to disclose climate risks. The cost of transitioning to a net-zero economy is high, but the cost of inaction is far greater. Time is a precious resource, and we must act swiftly to safeguard the future.