Norwegian consultancy firm Mercer presented a report on long-term consequences of climate change on the global capital markets.
Climate change is a risk that all long-term investors should take into account when formulating their investment strategy. Norway has therefore taken a leading role in this extensive research project. We are pleased that the report is now finished and we will study the recommendations carefully, "said State Secretary Hilde Singsaas.
The report analyzes how climate change and the government's response to these changes may affect the returns in global capital markets over the next 20 years. The report is partly based on macro-economic analysis carried out by Grantham Institute, which has continued the analysis in the Stern report on climate change can affect the development of world GDP. The report recommends investors to pay close attention to climate risk, although the overall impact on the world's capital markets are expected to be relatively small by 2030.