Geo-Economics: The Interplay between Geopolitics, Economics, and Investments 1 March 2021
Geo-Economics Chapter 9: The Impact of Climate Change
Climate change has become a critical consideration for investors. Two major geo-economic developments are key: the likely economic impact of climate change and the societal consequences of climate change, such as famine, migration, and strife.
Overview
Chapter 9 of Geo-Economics: The Interplay between Geopolitics, Economics, and Investments focuses on one of the most pressing global challenges for politics and humankind alike: climate change. Climate change is already triggering more intense and more frequent extreme weather events—cyclones, floods, and droughts—than in the past. And these extreme weather events have a rapidly rising impact on the economy of the affected regions. As climate change progresses, investors need to deal with two major geo-economic developments: the likely economic impact of climate change and the societal consequences of climate change, such as famine, mass migration, and civil strife.
About the Author
Joachim Klement is a strategist at Liberum. He has more than 20 years of experience in the financial markets and has spent most of his career working with wealthy individuals and family offices, providing advice on investments and helping manage portfolios. Mr. Klement studied mathematics and physics at the Swiss Federal Institute of Technology in Zurich (ETH Zurich) and earned a master’s degree in mathematics. He later studied business administration at the University of Zurich and the University of Hagen and earned a master’s degree in economics and finance.