This series examines how the Paris Agreement on climate change has affected businesses around the world. The first episode focuses on the financial industry. On Wall Street, fossil fuels are increasingly seen as "stranded assets" to be divested. The program looks at what the Rockefeller Brothers Fund, among others, is doing. The second episode concerns electric power. Germany’s major electric company is facing a serious challenge as renewable energy prices fall. The series also documents efforts to shift to a decarbonized economy, including activities in Japan. Elsewhere, BMW envisions total reliance on renewable energy eventually.
The Paris Agreement symbolizes the world's desire to reduce carbon emissions. It went into effect last year, which triggered a wave of divestment from fossil fuel businesses, and a wave of investment in renewable energy.
This program reports on how this new trend is stirring up markets around the world.