PGIM: Why today's narrow approach to decarbonisation is flawed

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There is a broad consensus that climate change is one of the biggest risks facing humanity and that we need to transition to a low-carbon economy, without triggering a big drop in standards of living.

Technological advancements, shifting consumer preferences and regulations are leading countries and companies across the world to reduce carbon emissions and embrace more sustainable practices. Even with limited further action or change, current policies suggest the decarbonisation economy will be massive: a $2.5trn opportunity by conservative estimates. EFAMA calls for major reforms to SFDR labelling regime This focus on decarbonisation is transforming industries, creating a broad and growing opportunity set that is underappreciated by many investors. As the power and transport...