Friday, October 19, 2007

Bank says climate change is investment "megatrend"

From Reuters:

Government efforts to tackle climate change are creating a "megatrend" investment opportunity that should tempt even those skeptical about the nature and pace of global warming, Deutsche Bank analysts said on Thursday.

"The climate change markets are being created by governments through their regulation," said Mark Fulton, the bank's global head of strategic planning and climate change strategist.

"Whether you believe the science or not, investable markets are being created by governments, and these investable markets we think will grow significantly over the next 20 to 30 years," he said at the launch of a report on climate change investment....MORE