https://www.scmp.com/rss/510783/feed Karl Schmedders is Professor of Finance at the Institute for Management Development in Lausanne, Switzerland. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Patrick Reinmoeller,Karl Schmedders Patrick Reinmoeller,Karl Schmedders Last March, auction house Christie’s sold a JPG file created by the artist Beeple for US$69.3 million, a record for a digital artwork. The ownership of the “original” JPEG – titled Everydays – The First 5,000 Days – was secured as a non-fungible token, or NFT. The sale made headlines, and NFTs have since become red-hot. Investors poured an estimated US$27 billion into the market last year, and Meta, Facebook’s renamed parent company, reportedly plans to allow users to create and sell NFTs.... https://www.scmp.com/comment/opinion/article/3165266/why-nft-market-will-collapse-and-its-not-because-environmental?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3165266/why-nft-market-will-collapse-and-its-not-because-environmental?utm_source=rss_feed Tue, 01 Feb 2022 02:15:19 +0000 In a recent commentary, John H. Cochrane, a Hoover Institution senior fellow, argues that “climate financial risk” is a fallacy. His premise is that climate change doesn’t pose a threat to the global financial system because it, and the fossil fuel phase-out needed, are developments everyone knows are under way. He sees climate-related financial regulation as a Trojan horse for an otherwise unpopular political agenda. We disagree. For starters, one should acknowledge the context in which... https://www.scmp.com/comment/opinion/article/3148698/climate-financial-risk-real-and-2008-deniers-are-wrong?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3148698/climate-financial-risk-real-and-2008-deniers-are-wrong?utm_source=rss_feed Wed, 15 Sep 2021 07:30:16 +0000