| Abstract: | The financial institutions have in recent years been progressively awakening to a severe threat inherent in human-enhancement of the greenhouse effect. Insurance companies, and increasingly banks and pension funds, have come to fear that a warming world holds the danger of unmanageable property-catastrophe losses triggered by an increase in extreme climate-related events, plus a spectrum of major knock-on problems for debt and equity investments. This emerging greenhouse market-driver now has major implications for corporate strategy in both the financial and energy sectors. |
