How to Use Your Risk Budget Sustainably
Institutional investors considering divestment from fossil fuel companies need to better understand the impact that decision will have on their risk exposures.
Ashby Monk
July 31, 2014
Steam rises from a stack at the Joban Joint Power Co. Nakoso coal-fired power station stands in Iwaki City, Fukushima Prefecture, Japan, on Thursday, Feb. 6, 2014. With the loss of nuclear plants, which produced more than 25 percent of Japan's electricity before the disaster, the country has had to rely on oil, coal and gas-fired plants. The cost of importing those fuels has driven the country into a trade deficit for 18 straight months while the current-account shortfall widened to a record in November. Photographer: Tomohiro Ohsumi/Bloomberg
Tomohiro Ohsumi/Bloomberg
