Lehman Brothers has released
a 145-page report (out of its London office, natch) entitled "The Business
of Climate Change". It’s a very solid book, with excellent analysis of
the facts as we know them, the prospects for how climate change might be mitigated,
and the role of both governments and the private sector going forwads.
Of course, it also looks for investment opportunities related to climate change:
although the downside is big, that doesn’t mean there aren’t companies who might
be able to position themselves to benefit from it, such as Renault, GE, Siemens,
uranium miners, and healthcare companies who can benefit from an increase in
respiratory diseases, such as GSK and AstraZeneca. The big picture, however,
is pretty gloomy: climate change is definitely bad for markets, it would seem.
Here’s one interesting chart from the report, showing developments in the EU
carbon-emissions market (click for larger version):
Thanks for the post — very interesting. Where can one find a copy of the report? Or is it for clients only?
I wasn’t able to find the report on the web anywhere. Reports like this play an important role in informing debate on climate change policy – but not if nobody reads them because they are not readily available.