The necessary change goes beyond this mere neutrality, and has as its objective a change in the economic and social model. Despite its high costs, in the face of climate change, the greatest cost would be to do nothing.

The Foundation for Financial Studies (FEF) and the Spanish Institute of Financial Analysts (IEAF) have just published a paper by Fidelity entitled “The role of climate change in the macroeconomy and asset allocation”. In it

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