Also today on openDemocracy, Nick Robins of Henderson Global Investors asks whether the old financial drivers of fear and greed can be moulded so that they work with the grain of a low carbon future rather than against.

There are some hopeful signs, he says, including a ten point action plan agreed at a recent Institutional Investor Summit on Climate Risk in New York by two dozen US and European institutional investors with over three trillion dollars of assets under management.

But, he says, such "positive developments" will "still be insufficient to tip the investment balance unless smarter policy frameworks are introduced" (read the full text here).

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