Yet more climate change reseach: UBS

I've now got my hands on the UBS climate change report (98 pages, dated January 2007), to accompany the Lehman and Citigroup reports. UBS's paper doesn't have much of an equities focus at all, but it does include an interview with Armory Lovins, the recipient of a fascinating New Yorker profile by Elizabeth Kolbert last month:

What are the highest priority areas for technological development to bring about reductions in greenhouse gas emissions? What sort of leading technologies need to come first?
You seem to be very interested in future technologies to solve our climate change problem. However, that is not really my focus. The technologies that are already on the market offer everything we need and more, to reduce greenhouse gas emissions dramatically...
The climate debate has unfortunately been misguided as implying large costs of climate protection. In my view there has been a “sign error” here. In fact, the opposite is true. Climate protection can save money, because energy efficiency costs less than the fuel it saves. Interestingly enough, 100% of the experts involved in energy efficiency measures talk about profits, and 100% of the politicians concentrate on the costs.

In terms of what this all means for investments, here's a couple of interesting charts from the report.