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By climate reporter Jo Lauder
A Macquarie sign.

"Longer term that is where the money is going to be made, in terms of financing how we're going to be dealing with climate change, so it is an opportunity for them,"
she said.

COP 26 Closing

Man works in New York Stock Exchange's Goldman Sachs booth

Image shows a man wearing a shirt and suit jacket. He is looking straight ahead and has a yellow background behind.

A Gazprom worker walks next to pipelines at a gas measuring station at the Russian-Ukrainian border.

"You might get a short-term play on fossil fuels and benefit, but in the long term, you're going to be exposed to potentially what we call stranded assets, a carbon collapse of values in assets."

Oil rig

Image of woman in black v-neck shirt smiling and looking at the camera.

"Nearly half of the world's privately managed money has pledged to align with the science-based net zero goals in the Paris Agreement,"
she said.

"This world of transparency is going to really expose that."

Posted , updated