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BlackRock, Morgan Stanley to utilities: Tackle climate-related risks or lose market value

Financial market data shows utilities that address risks associated with the changing climate see significant benefits, and utilities that do not lose market value.

Analyses from BlackRock, Morgan Stanley and others reflect what the world is learning in the COVID-19 fight: Aggressive action proactively addressing systemic risk produces better outcomes than pretending there is little risk. For utilities, the data shows that addressing climate-related risks with system hardening and emissions reductions attracts investors and shifts stock valuations, while relying on business as usual discourages investors and increases stock price volatility. Read Full Article - Utility Dive, April 7, 2020