Pictet Asset Management

Climate Change and Emerging Markets after COVID-19

Date:

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. Pictet AM

Author: Meritxell Sedo

  1. The world stands to lose nearly half of its potential economic output by the end of the century. That’s the shortfall we face if we fail to make further progress on climate change
  2. According to Laurent Ramsey, Co-CEO of Pictet Asset Management and Managing Partner at Pictet Group, emerging markets are at risk of faring even worse given their particular vulnerabilities to rising sea levels, drought and slumps in agricultural output
  3. The paper by Professor Cameron Hepburn and his team at the University of Oxford Smith School of Enterprise and the Environment offers a deep and broad analysis of the risks and opportunities emerging economies – and the world more generally – face from climate change