This week, the Intergovernmental Panel on Climate Change concluded that humans are a major cause of rising global temperatures. While there are still voices questioning the truth in that conclusion, most politicians in the U.S. have stopped debating whether climate change is occurring or that mankind is responsible. Instead, they're now focused on how to reduce carbon emissions.
This change in focus has already started to impact the investment climate. Many investment banks and research analysts are now examining the implications climate change and efforts to restrict emissions will have on business. UBS published its “Climate Change: Beyond Whether” research report this January. Citigroup also released its “Climatic Consequences: Investment Implications of a Changing Climate” in January. Capital Analysts Network's take on the issue is titled, "Utilities Face headline Risk – And More.”
The bottom line is there will be business winners and losers in a carbon constrained world. How much emissions are reduced and how quickly will determine the economic impact.
How do you think efforts to combat climate change will impact businesses, the economy, and Wall Street?
Comments
Stephen, I'm glad you've enjoyed my reporting on environmental topics. I think you might have confused a couple stories you've seen on NBR. I did do a report on a clean coal project, but it did not involve algae. You can read a transcript of the story by clicking this link: Cleaning Up Coal. Also, if you are interested in algae, Reporter Mont Fennel did a story on algae in November of 2006. You can read a transcript of Mont's story by clicking this link: Environmental Algae.
Hi Stephanie, you've done a great job covering these subjects. I believe you did a story on a prototype coal power station that was using a type of algae?? to filter and reduce greenhouse emissions by 40%. Could you please direct me to where I can obtain the details of this particular story?
Many Thanks
The problem is that america will resist all new technologies that will reduce carbon in our enviroment. This is to bad, a real oppertunity to establish new industries is at hand but again my countymen and government will go on using 60% of the energy on the plant..