SAVE the planet, save your pension. A new report claims that environmental problems could bust pension funds by 2050.
of Anglia Ruskin University in Cambridge, UK, and his colleagues drew together evidence about a wide range of environmental problems, from water shortages to atmospheric pollution to climate change. They plugged these into models used to predict the values of pension funds.
Jones ran several scenarios, varying how quickly governments and industry responded to environmental problems. are published by the (IFA). In almost all cases the value of funds began to fall before 2100. In the worst-case scenario, where governments and markets did nothing, values dropped steeply from around 2020 and fell to zero by 2050.
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聯In the worst-case scenario, pension funds dropped steeply from around 2020 and fell to zero by 2050聰
鈥淒espite strong evidence that there is a risk that resource constraints could have significant economic impacts, these risks are not being factored in by many actors in the global economy,鈥� says Peter Tompkins of the IFA.
