Emerging markets including China and India could be the best bets for investorshoping to fight climate change and boost returns, according to a report Thursday.
If the planet heats up by 5 degrees Celsius (9 degrees Fahrenheit), well above the 2-degree threshold set by the Paris Accord, investors may face $7 trillion in global losses. But that could be mitigated by investments aimed at reducing and removing carbon from the atmosphere, according to the report by Morgan Stanley’s Institute for Sustainable Investing and The Economist Intelligence Unit.
Emerging economies from China to Cuba to Nigeria present some of the biggest opportunities for investors as they become centers of clean energy innovation. These regions are likely to be significantly affected by a warming planet and have increasingly tech-savvy populations, according to the report. Read More…
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