The fresh assertion is from Nigel Green, chief executive officer and founder of deVere Group, with roughly $12 billion under advisement. Green talked about the danger signs, as Italy has declared a state of emergency during the worst drought in the European country in 70 years.

Green surmised, “It will take huge amounts of private financing to halt its impact. The onus now falls on the financial sector to help mobilize and unlock the necessary funds through education and robust, impactful investment solutions.”