Investing In Climate Change

Exchanges

Goldman Sachs

Business

4.4 • 1K Ratings

🗓️ 5 February 2020

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, we dig into what may be the most important issue of our time: climate change. On the heels of a climate-focused World Economic Forum in Davos, the unveiling of Europe’s new Green Deal, and increased attention on climate change by the world’s largest asset managers and banks, climate change is undoubtedly Top of Mind. We speak with Michael Greenstone of the University of Chicago, Nathaniel Keohane of the Environmental Defense Fund and Goldman Sachs’ Steve Strongin about the climate challenge, and what it will take to address it. We also discuss how capital markets and climate policy are driving transformational shifts in the energy industry, and what it means for sector returns. Finally, the head of the Goldman Sachs Sustainable Finance Group, John Goldstein, provides insight and advice on ESG investing and integration, and the growing implications of shareholders and clients increasingly demanding more accountability on climate. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	From Goldman Sachs research, this is Allison Nathan.
0:03.3	Welcome to Top of Mind, a podcast that explores macroeconomic issues on the minds of our clients.
0:18.7	In this episode, we're digging into what may be the most important issue of our time,
0:23.6	climate change.
0:25.6	On the heels of a climate-focused World Economic Forum in Davos, the unveiling of Europe's
0:30.8	New Green Deal, and increased attention on climate change by the world's largest asset
0:35.7	managers and banks, climate change is undoubtedly
0:38.8	top of mind.
0:41.9	But before we dig in, let's take a step back.
0:44.8	At the UN Climate Change Conference in Paris in 2015, nearly 200 countries committed to the
0:50.7	Paris Agreement, which outlined a long-term goal to keep the rise in global
0:55.2	average temperatures to well below 2 degrees Celsius above pre-industrial levels, with an attempt
1:01.1	to further limit the rise to 1.5 degrees. To level set where we are today in terms of achieving
1:06.9	this goal, I first sat down with Nat Kohan, senior vice president of the Environmental
1:11.6	Defense Fund. Three years on from the Paris Climate Accord, where are we today in terms of limiting
1:19.3	the increase in global average temperatures? Well, we're very far away from it. Despite some of the
1:26.9	gains in the past few years of starting to slow
1:31.0	the growth of carbon emissions and greenhouse gas emissions globally, they're still rising.
1:36.2	And even if you look at what the trajectory would be if all of the current targets countries
1:42.8	have put on the table for the Paris Agreement
1:45.1	were met by 2025, 2030, we would still be very far away from the trajectory we need to meet
1:53.6	the overall objective of the agreement.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Goldman Sachs, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Goldman Sachs and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.