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Fortune
Fortune
Henry Fernandez

MSCI CEO: 'To tackle climate change, financial markets must reallocate trillions of dollars. It’s already happening, even without a political consensus'

(Credit: Bryan Bedder - Getty Images - Bloomberg Philanthropies)

The best thing about the Paris Climate Agreement was that it set a deadline of 2050 for achieving net-zero carbon emissions. The worst thing about the Paris Climate Agreement was that... it set a deadline of 2050 for achieving net-zero carbon emissions.

Establishing a deadline helped clarify how fast and how much emissions need to fall over the next few decades. Unfortunately, because the deadline remains so far in the future, it has contributed to a dangerous complacency.

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