The Crack Up Boom is almost upon us. But, unlike normal, all assets will not be equal. And not all currencies will make it.

Data: definitions, collection, verification, interpretation, auditing Shell: will sell energy to only those companies that also have “cradle to grave net zero” plans in place. ensure that oil and gas companies

Data: definitions, collection, verification, interpretation, auditing Shell: will sell energy to only those companies that also have “cradle to grave net zero” plans in place. ensure that oil and gas companies

Data: definitions, collection, verification, interpretation, auditing Shell: will sell energy to only those companies that also have “cradle to grave net zero” plans in place. ensure that oil and gas companies

Data: definitions, collection, verification, interpretation, auditing Shell: will sell energy to only those companies that also have “cradle to grave net zero” plans in place. ensure that oil and gas companies

PHYSICAL IMPACT Extreme weather, Disasters, Business disruption, Asset destruction, Migration, TRANSITION IMPACT Regulations, Technology, Consumer preferences Lower value for stranded assets, energy price

PHYSICAL IMPACT Disasters, TRANSITION IMPACT Regulations, CENTRAL BANK ROLE Set interest rate Aid government achieve economic objectives Maintain financial stability Ensure financial market price reflect

WHAT IS TO BE DONE? climate change mitigation finance industry accounting industry governmetns market regulators you FIXING market failures vs market SHAPING Social Outcomes: Free Market vs NATIONALISED

WHAT IS TO BE DONE? climate change mitigation finance industry accounting industry governmetns market regulators you FIXING market failures vs market SHAPING Social Outcomes: Free Market vs NATIONALISED

WHAT IS TO BE DONE? climate change mitigation finance industry accounting industry governmetns market regulators you FIXING market failures vs market SHAPING Social Outcomes: Free Market vs NATIONALISED

WHAT IS TO BE DONE? climate change mitigation finance industry accounting industry governmetns market regulators you FIXING market failures vs market SHAPING Social Outcomes: Free Market vs NATIONALISED

WHAT IS TO BE DONE? climate change mitigation finance industry accounting industry governmetns market regulators you FIXING market failures vs market SHAPING Social Outcomes: Free Market vs NATIONALISED

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3.1 Climate Finance, Green Finance, Sustainable Finance, Impact Finance, Net Zero? What are they? Climate finance is the financing of the changes in the real asset structure of society required to transition

2.1 So What is to be Done? The Paris Climate Agreement In 1994 when the United Nations Framework Convention on Climate Change (the UNFCCC) entered into force. Today, it has near-universal membership. The

3.1 Climate Finance, Green Finance, Sustainable Finance, Impact Finance, Net Zero? What are they? The Finance Industry Transition to Sustainability: Climate Science, Societal Issues, Regulation &

2.1 So What is to be Done? The Paris Climate Agreement In 1994 when the United Nations Framework Convention on Climate Change (the UNFCCC) entered into force. Today, it has near-universal membership. The

2.1 So What is to be Done? The Paris Climate Agreement In 1994 when the United Nations Framework Convention on Climate Change (the UNFCCC) entered into force. Today, it has near-universal membership. The

1. The Finance Industry Transition to Sustainability: Climate Science, Societal Issues, Regulation & Accounting Section I – The Scientific Background to Sustainable Finance & Paris Agreement 1.1