Introduction to Climate Change
Simon Thompson
CBI Chief Executive & ESG specialist
Understanding the science of climate change is vital for understanding the future of finance. In this video, Simon gives an introduction to the science behind climate change and outlines the current political, scientific, and financial situations relating to this phenomenon.
Understanding the science of climate change is vital for understanding the future of finance. In this video, Simon gives an introduction to the science behind climate change and outlines the current political, scientific, and financial situations relating to this phenomenon.
Introduction to Climate Change
12 mins 14 secs
The scientific consensus is that human activities have had a significant impact on climate change over the past 200 years. The Paris Climate Change Agreement was implemented to attempt to mitigate climate change and its projected effects, namely mass migration. The Agreement specifies that the financial sector must track investments that are financing activities that help to mitigate climate change, or detract from this goal. Monitoring can help assess the extent of transition risk, including stranded asset risk, which can be a shock to the financial markets if the “carbon bubble” bursts.
Key learning objectives:
Explain how the financial sector can help mitigate climate change, according to the Paris Climate Change Agreement
Explain how banking and finance are impacted by climate change
Define stranded asset and how they pose a risk to the economy
Simon Thompson
Related videos
The Physical Risks of Climate Change
In this video, Amit explores the impact of the physical damage of climate change on the macroeconomic economy and stresses the importance of being aware and intervening with the correct policy response or the impact of climate change will spread and intensify.
Amit Kara • 12:30
Future Proofing 'S' as a Governance Topic
In this video, Karina reinforces the importance of the "social" component of ESG. Having founded her own board search and CEO advisory firm, she outlines the value of having a diverse board and her recommendations on how to have a successful board during uncertain times.
Karina Robinson • 09:30
Global Sustainable Finance Initiatives I
The finance sector is given a leading role in tackling climate change and the transition to a green and sustainable, low-carbon world. In this video Simon explains how the transition requires cooperation and interaction between many of the key institutions and policy, regulatory and market initiatives active in green and sustainable finance.
Simon Thompson • 11:26