Climate Change Risks Increase for Investors

In Redwood Grove Capital’s first 22 months, there was growing evidence that the impacts of climate change are accelerating as are the economic costs to corporations.

We are just starting to see equity prices reflect these risks and opportunities, but only in the most extreme cases (i.e. Pacific Gas and Electric which we’ll discuss later in the letter). In the last month alone, two scientific reports came out affirming the accelerating impacts of climate change.

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