Pricing in climate change
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 24 April 2019
⏱️ 18 minutes
🧾️ Download transcript
Summary
Are markets and companies beginning to grasp the threat of global warming? Ed Butler speaks to Meryam Omi, head of sustainability and responsible investment strategy at Legal and General, a major investor, about divesting from companies that contribute to climate change. And Jeff Colgan, director of security studies at the Watson Institute, Brown University, in the US, tells us why he thinks sectors like insurance, property and oil and gas are overpriced given the threat of climate change. Bjorn Otto Sverdrup, senior vice president for sustainability at Equinor, Norway's state-back oil company, outlines what changes his company is making.
Producer: Laurence Knight
(Photo: Climate change protesters in London, Credit: Getty Images)
Transcript
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| 0:00.0 | 60 seconds. |
| 0:01.0 | That's just crazy to try to do something. |
| 0:03.0 | As dangerous as that around the moon. |
| 0:05.0 | 100 feet, 3.5 down, 9 forward. |
| 0:07.0 | Are they going to make it? |
| 0:08.0 | Are they going to make it? |
| 0:09.0 | 13 minutes to the moon from the BBC World Service coming soon. |
| 0:18.0 | Hello, I'm Ed Butler. |
| 0:20.0 | Welcome to Business Daily from the BBC. |
| 0:22.4 | Today, we're asking, are we all of us a little bit in denial about climate change? |
| 0:28.2 | Well, some of us, maybe. |
| 0:29.8 | I don't even think about it, honestly. |
| 0:31.5 | I've not seen anywhere anybody saying that rising sea levels are going to seriously affect property in the next 30 years. |
| 0:37.4 | Yes, and a leading institutional investor is telling us the real costs of climate change for all of us |
| 0:42.7 | aren't being priced in by major firms. |
| 0:45.7 | This is already happening today, and the temperature has only increased by one degree. |
| 0:50.6 | So what we will see is something that we can't even model |
| 0:54.1 | and we can't afford to go there. |
| 0:56.5 | That's all to come in Business Daily from the BBC. |
| 1:03.3 | The streets of London this month have been something of a battle scene. |
| 1:16.1 | The sound of protesters there proclaiming the risk of climate extinction, as they put it. |
| 1:21.7 | They've been barricading major thoroughfares, shouting, waving banners and in some cases breaking things to protest what they say is criminal |
... |
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