Great point. Except for one thing: Remember how banks are too big to fail? If climate change is the existential threat as described and they lose $1 Trillion by ignoring the threat, they know they will get bailed out. There's no reason to consider it. That's text-book malinvestment.
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Besides that, there is plenty of money to earn from these investments until its too late to sell them. So on the short term its definitely worth it.
Good point. I hadn't tought about banks maybe being too big to sink yet again.
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