I have been writing about the outperformance of ‘green’ stocks vs. ‘brown’ stocks a long time ago and by now this green-minus-brown return difference has become widely accepted and is being used by major asset managers. What is interesting, though, is that the focus of this return premium seems to have shifted from regulatory risks to physical risks in the past decade.
Climate risk = weather risk. The IPPCC itself doesn't dare attributing any event to 'climate'. While few relationships have been detected.
AR6, Chapter 12:
Climate Change Information for Regional Impact and for Risk Assessmen - detected / undetected = chart on page 90:
https://bit.ly/452idBO
But i do eagerly anticipate the coming debates because then the settled science will be put to the spot:
How to be a smart consumer of climate attribution claims
Three rules for making sense of "event attribution" studies
https://bit.ly/3Z0gjhM