In the wake of a difficult climate summit, negotiators at COP29 agreed to triple climate finance to developing countries to $300B (and still work to raise that to $1.3 trillion annually from public and private sources by 2035).
Despite rising climate-related losses globally (up to $2.2 trillion in the last decade), most of them remain uninsured and many inflict significant damage on businesses and their supply chains. At the same time, 55% of CEOs view climate transition as an opportunity for growth, driven by advancements in green tech and government incentives.
The global green economy is now a $5 trillion revenue pool with a market cap of more than $7 trillion in 2024, creating major opportunities for corporate expansion. It's no surprise that growth-focused NYSE CEOs we surveyed in 2024 were twice as likely to focus on climate change compared to CEOs who are more focused on cost-cutting.
