Legal Obligations of Enterprises and Investors in the Face of Climate Change

Abstract

Unabated climate change poses extremely serious threats to the environment, humankind, and in the upshot, the economy. According to an emerging view, earlier estimates about the pace and consequences of climate change were rather optimistic, even if States would be able and willing to keep global warming below 2°C. China and many other countries and regions are already experiencing the consequences of unprecedented natural calamities—extreme droughts, torrential rainfall and hurricanes, even though it is very difficult, if possible at all, to prove a causal link between specific natural events and climate change.1