On Thursday, after a week of upper house turmoil, Australian prime minister Tony Abbott's Liberal-National Coalition in the Senate voted to scrap the country's nascent carbon price and emissions trading scheme.
“Green bonds are a great example of an investment that allows us to have a positive impact on society and the environment, while meeting our financial criteria,” Zurich's Chief Investment Officer Cecilia Reyes said.
Bush's former Treasury Secretary lays out our choice. Take on the "climate bubble" now and unleash the power of innovation to spur the next industrial revolution. Or keep ignoring science and face an irreversible "carbon crash" more devastating than the recent economic crash.