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Talking at the 2012 UN Climate Change Conference, COP 18 Stephani Pfeifer, executive director of the Institutional Investors Group on Climate Change warned that “serious climate change will only be averted if governments and private investors work together. With severe weather events increasing in frequency and intensity, economic losses as a result of these events are increasing in turn. These losses impact upon the investments and retirement savings of billions of people,” reports Acclimatise.
Sven Harmeling, Policy Lead at international NGO Germanwatch talks about the state of the talks on climate change adaptation and climate finance at COP18 in the followig video [starts at minute 12]: