Lord Nicholas Stern on Making Risky Investments
Lord Nicholas Stern discusses the risks that are posed when one invests in hydrocarbons, such as coal, oil, and natural gas. "So if the world does accelerate as we hope it, many of us hope it will, action to control climate change, it means that there's going to be a capital loss on those things," said Lord Stern. According to Lord Stern, it is important to understand that investing in hydrocarbon is a very risky business.
Speakers at this Event
Chair, Center for Climate Change Economics and Policy, London School of Economics