It is the mother of all market signals: the agreement by 198 countries reached in Paris in 2017 to limit climate change, but it is only now that boards of directors are facing up to what is likely to be its monumental impact.
The Paris Agreement amounts to a deal to decarbonise the global economy by the second half of the century, says Sarah Barker, special counsel on climate change at Minter Ellison.
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Joanne Gray is Managing editor of The Australian Financial Review. She was formerly its opinion editor, features editor, banking & finance editor, Washington correspondent and BOSS magazine editor. Connect with Joanne on Twitter. Email Joanne at jgray@afr.com
