The road to net-zero will not be perfect. Net-zero transition represents a significant short-term threat to financial and economic stability, yet it offers great opportunities too. But ultimately, it’s on us. As individuals, communities and businesses we need to take steps to adapt and prepare for the changes that will come. To be ready to grasp the opportunities. Hopefully, governments will create a smooth and orderly transition to net-zero. But it’s best to be prepared and for all of us to strap in for a bumpy ride ahead.

Peter Giger, Group Chief Risk Officer, Zurich Insurance Group

The article was originally published in the World Economic Forum. You can view it here.

Also read: Forget 2050. To achieve ‘net-zero’, corporations need to act on oil and gas in the next decade