Two digit dates had the potential to cause a lot of havoc when the clocks rolled over from 1999 to 2000, HSBC Asset Management’s head of responsible investment, has been catching a lot of flak for comments he made yesterdaythat the risk to financial markets from climate change is overstated. “Who cares if Miami is six meters underwater in 100 years?” he reportedly said. “Amsterdam has been six meters underwater for ages and that is a really nice place. We will cope with it.
But what truly caught my ear about his comments was something he said I was sympathetic to: “there’s always been some nutjob telling me about the end of the world.” I can relate. I get emails in my inbox all the time like that. But then he proceeded to reference the Y2K bug as a problem that never happened.
Four key indicators of climate change reached “alarming” record highs in 2021, the United Nations said on Wednesday, as it warned worsening climate change is poised to exact heavy financial losses, impose huge burdens of death and disease and threaten food and water security. U.N.