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Asia Pacific/Financial Markets/Climate Change – Making Asia Pacific financial markets fit for climate change purpose (East Asia Forum)

Author: Editorial Board, ANU

Natural capital is an essential input into all economic activities but, as the enormous consequences of climate change and environmental degradation attest, it’s rarely properly valued. Natural capital is the tolerable temperatures, breathable air, drinkable water, healthy land, and the complex ecosystems that maintain them. By undervaluing the role that natural capital plays in economic activities, markets underestimate the risks from environmental damage to growth and human welfare.

Making Asia Pacific financial markets fit for climate change purpose | East Asia Forum