The Imperative of Multilateral Cooperation on the Problems of Tomorrow
Channel: Mercer
Date: 30/01/2020

Mercer Investments | http://bit.ly/2UbOIN4 | Pivoting to Carbon Neutral Investments

The IMF has talked about carbon pricing of $75 per ton of CO2 to be able to get to carbon neutral by 2030 or 2050. So I think all those things are things that need to be done. There's regulatory pressure required. I think one challenge that we see is that as we get into a more nationalistic world where people are looking at their own borders and preserving wealth for their own citizens and communities and keeping our others, it’s very difficult then in that environment to look at emerging markets, et cetera, and tell them, look you need to bear your fair share of this burden out here, but on this front, but on other fronts, basically we're not going to be there to support you. And I think that to me in this world that we're getting into, I think that I see as one of the biggest challenges is how do you have multilateral cooperation and multi-country cooperation, which is going to be required in areas like climate change and regulations around that, when we are getting into this nationalistic environment, with every country for themselves?

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