"Investments Worth Trillions At Risk From Climate Change: Study"

"Climate change could put trillions of investment dollars at risk over the next 20 years, a global study released on Wednesday said, calling for pension funds and other investors to overhaul how they allocate funds.

Risks from more extreme weather, continued delay in climate policy by governments and uncertainty over the shape of a new global climate pact were major concerns, while renewable energy, agriculture and infrastructure could be opportunities.

The study, led by global investment consultancy Mercer, describes climate change as systemic risk because it challenges the conventional allocation of assets and requires new ways of assessing climate policy and change risks."

David Fogarty reports for Reuters February 17, 2011.

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