Michael Penn Featured on IBKR Podcast: When Climate Meets Wall Street

IBKR Podcast's, Senior Economist Jose Torres invited Michael Penn, Head of Climate Macro Strategy at Absolute Strategy Research, for an engaging discussion on the economic and financial implications of climate change.

The conversation explores:

• Current global temperature trends and the scientific thresholds that could trigger more severe climate impacts.

• Economic costs of extreme weather, which have already risen significantly in recent years, and potential effects on GDP growth in different regions of the world.

• The complex relationship between climate change and inflation, particularly through disruptions in global food supply chains.

• The debate around carbon pricing as a tool to drive meaningful change, and the political and social challenges of implementing such measures.

• The implications for insurance markets, real estate, and local government policy, especially in regions facing higher climate risks.

• The global equity impacts, highlighting sectors potentially vulnerable to climate risks as well as industries that could benefit from the transition toward sustainability.

Michael Penn shares insights from Absolute Strategy Research’s proprietary analysis and offers perspectives on how both developed and emerging economies are navigating the dual challenges of mitigating climate risks and sustaining economic growth.

Complete script of the full episode : When Climate Meets Wall Street