In 1992, the words “climate change” popped up in only 69 Bloomberg articles. By comparison: last year, it appeared in over 22,000 Bloomberg articles. Also, in 1992, seminars like this didn’t cover climate-related issues. This is of course not only true for climate change: “low interest rates” weren’t really a hot topic then either: with the German Bund yield at 8%.
But the difference between these two subjects is that interest rates go up and down over time, while the temperature keeps rising. The world has already warmed by about 1 degree Celsius since pre-industrial times, due to human activity. Drastic efforts are needed to reduce carbon emissions now. Otherwise, it is likely we will pass irreversible tipping points in just 12 years.