We must stop investing in our own demise

City of London would sit above Canada and Germany as the world’s ninth-largest polluter.

Failing to achieve net zero carbon emissions by 2050 would not just be a human and environmental catastrophe, but it would be an economic one.

Business as usual, leading to warming of 2C or 3C, would break the foundation of the financial system.

The global financial sector needs systemic change if it is to survive and mitigate impacts of climate change.

The International Monetary Fund estimates that the global price of carbon must increase from the current average of $6 per tonne to $75 by 2030.

A unitary metric is required and competitive undercutting must be prevented.