Cognitive and behavioral biases are preventing industrywide action by investors on climate change, according to a new report released today. Most prior analyses have focused on informational barriers such as uncertain policy, lack of data, and insufficient investment grade opportunities, as core reasons for the slow progress to shift capital to the low carbon economy \u2013 but new findings demonstrate that a range of behavioral biases, cultural barriers, and attitudes, are at the root cause of the problem.<\/p>\n
The report, commissioned by ClimateWorks Foundation in partnership with Climate Insight of Australia, examines why leading climate investors are rapidly outpacing their peers despite having access to the same information.<\/p>\n
The report conducted and analyzed extensive surveys and interviews with senior executives at major investment funds and found short-termism<\/strong> to be an important factor driving behavioral biases to not take action on climate change.<\/p>\n Other key findings in the report include:<\/p>\n Cognitive and behavioral biases are preventing industrywide action by investors on climate change, according to a new report released today. Most prior analyses have focused on informational barriers such as uncertain policy, lack of data, and insufficient investment grade opportunities, as core reasons for the slow progress to shift capital to the low carbon economy […]<\/p>\n","protected":false},"author":35,"featured_media":14568,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"portfolio":[60],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\n\t\n\n