Funds Management MC
Climate Deal Likely to Affect Investment Strategies
Taylee Lewis, InvestorDaily
IEEFA said the Paris Agreement, whereby a 1.5 degree global warming target was adopted, will impact investment markets and capital allocations globally.
IEEFA financial analyst Tim Buckley said: “We have long outlined our analysis that there is significant stranded asset risk in continuing to invest heavily in fossil fuel companies.
“The financial market implications of stranded coal mine, coal-fired power and coal-related rail and port infrastructure assets and carbon bubble risks are hugely increased.”
The rest of this article can be found at investordaily.com.au.
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