IPCC Report Issues ‘Last Call’ to Start Journey to +1.5°C
- By John Tierney
- 5 min read
Summary
- The Intergovernmental Panel on Climate Change states bluntly that immediate cuts in emissions are essential to have any chance of limiting global warming to 2°
- Across 3,675 pages, it lays out different global warming scenarios and offers a now-familiar menu of policy solutions.
- In a nod to reality, the IPCC report stresses any steps to cut emissions will make a difference.
Market Implications
- The clean energy ETFs that we track have yet to perform, and we doubt the IPCC report will stimulate fresh demand – that will await a significant influx of government money that seems unlikely to happen soon.
- The better investment for now may be infrastructure and construction companies that will have to rebuild as new climate disasters hit.
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