Saxo Bank predicts 'green megatrend' in equities amid growing climate awareness

Climate and environment becomes key priority

In its outlook for the first quarter of the new decade, Saxo Bank predicts that climate and environment will become the key priority for governments and their citizens, while this awareness will drive a boom in 'green' equity investing.

Steen Jakobsen, chief economist and CIO at Saxo Bank, said: "For the first time since WWII we sense a shift in which climate and the environment - not growth - will become the priority of governments and their citizens, as shortages of food, clean water and air become existential questions." According to Jacobsen, the changing climate means the cost of the present model of economic growth is becoming negative, leading to increased risks to the economy. BlackRock's Fink embraces sustainability as 'new standard' for investing "The combination of climate sending a signal of distress -...