Over $1 trillion in combined revenues was generated by companies providing climate adaptation products and services in 2024, according to a study by London Stock Exchange. With global temperatures set to increase beyond 1.5 degrees, investors are seeing the financial gains from investing in adaptation strategies. Bloomberg reports on the story.
This week, global banking regulators agreed to prioritise efforts to better understand the financial risks posed by extreme weather events. The Basel Committee’s stance is more aligned with the policies of European and British regulators rather than those in the US, according to analysts. Reuters reports on the story.
