deterioration of natural environment will be converted into financial risks
March 22, 2023 08:46 Source: "China Social Sciences" March 22, 2023 Total 2615 Author: Liu Yuwei/Compilation

  bet365 live casino games Recent,MEGAN Evans, a public department managing professor at the University of New South Wales Business School in Australia, and Nathaniel Pelle, a professor at the Sydney Institute of Environmental Institute of Environmental Institute of Environmental Institute of Sydney,Australian financial institutions lack a mechanism for the evaluation industry to have a negative impact on the natural environment。With the deterioration of the natural environment,This negligence will not only be transformed into financial risks,If millions of Australian pension losses appear,It will also affect economic development and social stability。

bet365 live casino games Ecosystem services are direct or indirect well -being provided by the ecosystem to humans,Including supply services (such as providing food and water)、Regulating services (such as reducing floods and outbreaks of the disease)、Cultural Services (such as spiritual、Entertainment and cultural development) and support services (such as the environment that maintains the survival of the earth's life)。Evans said,About 50%of Australia's GDP relies on ecosystem services。Where,The most dependent industry includes agriculture、Forestry、Fisheries、Food Manufacturing、Primary industries such as construction and sewage treatment。But,Once human activities exceed the limit of nature,Ecosystem services will stagnate or collapse,The income of major industries bet365 best casino games will be damaged,The decline in soil organic matter will cause farmers who plant wheat to lose nearly $ 2 billion per year。This can be seen,The change of the service of the ecosystem service is directly reflected in the change of the market value of the product and service,Added the risk of financial investment。

Evans also pointed out,Australian Super Fund is responsible for operating about 12 million people pension savings,Hold a large number of shares holding the four major banks in Australia。These banks have a total of 173 billion US dollars of agriculture、Mining、Fisheries and Forestry Risk Credit Credit Operation,And these primary industries directly rely on the normal operation of ecosystem services。In the near future,deterioration of natural environment will damage more primary industries,Diversity and other classic bet365 best casino games investment strategies are difficult to protect the super fund from financial risks。

Evans and Pel re -selected 20 Australian large -scale pension funds and retail banks,How to measure them、Manage and alleviate its investment portfolio and loan book。Evans Discovery,All super funds and banks acknowledge,The natural environment of continuous deterioration is the source of risk affecting investment returns,Measured and manage natural risks is their responsibility to customers。But only 20%of the super fund and 10%bank evaluate the degree of natural risk,50%of the banks and 30%of the super fund formulate a risk assessment plan,40%banks and 50%super fund have no plan。To say that Evans said,Financial institutions are currently paying too much attention to climate change,ignore the interaction of ecosystems Bet365 app download and climate change,If there is only intact salt marsh、Wetland and forest can effectively absorb carbon dioxide in the atmosphere。

2022,"Kunming -Montreal Global Biological Diversity Framework" sets the expected value for the financial industry that can protect biodiversity。This means Australia's bank、Super Fund and Enterprise will have to disclose their impact on the natural environment,and the profit of the industry rely on the ecosystem service。Evans and Pell thinks,Based on the disclosure of climate risk for compulsory enterprises,The Australian government should ask them to write a natural risk report,Enhance the green investment consciousness that is beneficial to restore the ecosystem。

 (Liu Yuwei/Compilation)

Editor in charge: Chen Jing
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