Pension fund net-zero transition plans are dramatically underestimating the risks and opportunities presented by climate change, experts say. A new report from the Economics of Energy Innovation and System Transition (EEIST) project, led by the University of Exeter, argues for fundamental change in the way the investment industry thinks about climate change. The report calls on pension funds and other asset owners to adopt “decision-useful climate scenarios” – using plausible real-world narratives to develop and implement bespoke transition plans. This would protect assets and support the net-zero transition – so…
Read MorePension funds need net-zero ‘paradigm shift’
