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Podcast Episode

Bob Litterman, Kepos Capital, on Market Efficiency and the Climate Risk Premia Gap

A Sustainable Future··12 December 2025·47 min

About this episode

How efficient are markets at pricing climate risk? Bob Litterman, Kepos Capital, explores advances in climate risk thinking, evolving market and policy signals, the true cost of climate uncertainty, and why reduced regulation and net zero pullbacks may drive a sharper focus on understanding rather than reporting climate risk.