Climate

Why investors must get radical about global warming

Most of Asia’s coastal capital and commercial centres will end up facing floods unless investors, regulators and governments embrace radical policies to combat global warming.

Debra Tan, the director of environmental think-tank China Water Risk, isn't confident about Hong Kong's ability to withstand global warming. At all. 

The city’s decarbonisation plan suggests the world is on the path to see temperatures rise by three to four degrees celsius. Yet CWR research says it is only targeting resilience for a 1.5 to two degree increase.

“If you plan for a two degree rise, you’re planning to fail,” she said.

The seas are already inching upwards. The latest United Nations panel report on climate change released on Wednesday September 25 predicts oceans will rise by up to 1.1...

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