Investing in gold is a type of insurance policy against tough times. Financial markets are revealing that investors are willing to accept a lower average return for that insurance, precisely because it helps to manage risk. Last week, President Donald Trump signed an executive order about climate change that runs counter to this insight from financial markets.
"What Financial Markets Can Teach Us About Managing Climate Risks" is from the April 04, 2017 Opinion section of The New York Times. It was written by Michael Greenstone and narrated by Fleet Cooper.