Morgan Stanley recently said that ESG will be the defining acronym for the next decade, which is likely to dominate financial markets through the 2020s.
Climate change is expected to take center stage as a key global theme over the next several decades with geopolitical dominance and billions of dollars at stake, according to Bank of America. And with businesses across industries battling the climate crisis, investors have no shortage of ways to invest their money in a greener future.
“Following the trade and technology wars of the past few years, we expect the next chapter in US-China tensions to be climate wars,” the firm recently told clients. “It’s not just about saving the planet. We believe climate strategies offer a path to global supremacy, because there is a lot more to do.”