Florida sizes up climate risks to investments

October 6, 2008 at 7:23 pm | Posted in Climate and economy | Leave a comment
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Given the events of the last few weeks, it’s little wonder the public’s confidence in the validity of investor confidence has taken a nosedive.  After all, it’s hard to have faith in their risk assessments when it looks like they made a miscalculation on the order of $700 billion plus. 

Yet, Florida’s chief financial officer, Alex Sink, recently made a bet that fund managers will play a critical role in protecting taxpayer dollars from risks associated with climate change. Check out the release.

He’s not going to trust the fund managers to do their own reporting, though. Instead, he’s partnered with RiskMetrics Group, an international risk management company, to analyze how well 21 different investment funds do when it comes to assessing climate risks.

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