Investors face 'transitional shock' as climate crisis hits
Knut Kjaer, the founding CEO of the world's largest sovereign wealth fund and current private equity chair, deems that "irrational human behavior" has exacerbated environmental problems and goes as far as to call the global climate crisis the "biggest market failure of all time."
BY CHARLES DALY, BLOOMBERG NEWS
Put simply, the climate crisis represents the "biggest market failure of all time."
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