Now is the time for pension funds to disclose how they evaluate and proactively manage extreme weather risks inherent in every asset class they own.
A unique aspect of this round of infrastructure investment is that the funding structure of each project will be tied to sustainability issues.
"I have come to believe that climate change is the existential issue of our age. I don’t believe we have a focus or action in relation to it that is remotely commensurate with the risk that we face. I believe that if we don’t address climate change, the effects will not only be severe but...catastrophic."