A group of investors that manages $80 trillion in assets forecasts bold policy action on climate by the mid-2020s. What will such action mean for capital markets and economies?

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Principles for Responsible Investment, a London-based organization focused on socially responsible investment, has introduced a dramatic vision of a global response to climate change. PRI, which is supported by the United Nations and a consortium of global investors, believes that by the middle of the next decade national governments will be compelled to take major policy actions to address climate change.

The shift, which PRI calls the Inevitable Policy Response, will fundamentally reorient the global economy and drive investment away from industries that are dependent on fossil fuels, and toward less carbon intensive activities. The policy shift will come quickly, disrupting financial markets, and overriding the assumption that industry and economies will have time to gradually adapt to the pricing of climate risks.

Nathan Fabian, Chief Responsible Investment Officer with PRI, discusses the drivers, timing and economic impacts of an expected shift in climate policy.

Nathan Fabian is Chief Responsible Investment Officer with Principles for Responsible Investment in London, UK.

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The Inevitable Policy Response Theory  https://kleinmanenergy.upenn.edu/blog/2018/10/03/inevitable-policy-response-theory

Climate Policy Won’t Work Without Considering Labor https://kleinmanenergy.upenn.edu/blog/2018/09/17/climate-policy-wont-work-without-considering-labor

Texas Sea Wall Shows Inadequate Disclosure on Climate Risk https://kleinmanenergy.upenn.edu/blog/2018/08/28/texas-sea-wall-shows-inadequate-disclosure-climate-risk

A group of investors that manages $80 trillion in assets forecasts bold policy action on climate by the mid-2020s. What will such action mean for capital markets and economies?---Principles for Responsible Investment, a London-based organization focused on socially responsible investment, has introduced a dramatic vision of a global response to climate change. PRI, which is supported by the United Nations and a consortium of global investors, believes that by the middle of the next decade national governments will be compelled to take major policy actions to address climate change.The shift, which PRI calls the Inevitable Policy Response, will fundamentally reorient the global economy and drive investment away from industries that are dependent on fossil fuels, and toward less carbon intensive activities. The policy shift will come quickly, disrupting financial markets, and overriding the assumption that industry and economies will have time to gradually adapt to the pricing of climate risks.Nathan Fabian, Chief Responsible Investment Officer with PRI, discusses the drivers, timing and economic impacts of an expected shift in climate policy.Nathan Fabian is Chief Responsible Investment Officer with Principles for Responsible Investment in London, UK.Related ContentThe Inevitable Policy Response Theory  <a href='https://kleinmanenergy.upenn.edu/blog/2018/10/03/inevitable-policy-response-theory'>https://kleinmanenergy.upenn.edu/blog/2018/10/03/inevitable-policy-response-theory</a>Climate Policy Won’t Work Without Considering Labor <a href='https://kleinmanenergy.upenn.edu/blog/2018/09/17/climate-policy-wont-work-without-considering-labor'>https://kleinmanenergy.upenn.edu/blog/2018/09/17/climate-policy-wont-work-without-considering-labor</a>Texas Sea Wall Shows Inadequate Disclosure on Climate Risk <a href='https://kleinmanenergy.upenn.edu/blog/2018/08/28/texas-sea-wall-shows-inadequate-disclosure-climate-risk'>https://kleinmanenergy.upenn.edu/blog/2018/08/28/texas-sea-wall-shows-inadequate-disclosure-climate-risk</a>

Energy Policy Now offers clear talk on the policy issues that define our relationship to energy and its impact on society and the environment. The series is produced by the Kleinman Center for Energy Policy at the University of Pennsylvania and hosted by energy journalist Andy Stone. Join Andy in conversation with leaders from industry, government, and academia as they shed light on today's pressing energy policy debates.

Energy Policy Now

Energy Policy Now offers clear talk on the policy issues that define our relationship to energy and its impact on society and the environment. The series is produced by <a href="https://kleinmanenergy.upenn.edu/podcast/">the Kleinman Center for Energy Policy</a> at the University of Pennsylvania and hosted by energy journalist Andy Stone. Join Andy in conversation with leaders from industry, government, and academia as they shed light on today's pressing energy policy debates.

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