Commodities | Equities | ESG & Climate Change
Clean Energy ETFs Are a Buy for Patient Investors
- By John Tierney
- 3 min read
In its latest report, the International Panel on Climate Change (IPCC) was as blunt as possible. Global temperatures will be hotter, and some climate changes are already irreversible. Scientists accepted a temperature rise to +1.5°C is now unavoidable – damage limitation has become the goal.
The report makes clear that to have any chance of limiting the gain to +1.5°C, a concerted global effort to cut fossil fuel use and reach net zero by 2050 must start now – and removing large quantities of carbon from the atmosphere will be essential. Absent such effort, temperatures will likely rise by +2°C to +4°C.
We will see little action before the global conference on climate change in Glasgow in early November. Whatever is decided, it will take at least another election cycle in many countries before clear mandates to seriously address climate change emerge. And technology to remove atmospheric carbon does not yet exist.
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