Transcript Climate Change as an Investment Criterion

Climate Change
as an
Investment Criterion
Howard Covington
[email protected]
Sunny Foothills
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12,000 years
Elk-bones to iphones
Campfires to cities
1m to 10bn
Foggy Mountains
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Climate
Oceans
Species
Damage?
Simple Appearance
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Solar/wind
Efficiency
Storage
CCS/Bio/H2
Cost?
Complex in Practice
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Carbon price
China/US
Best/Good
Big Oil/Coal?
The Empire Strikes Back
• Maximise value
• Prevent transition
• Increase climate risk
Return of the Jedi
• Carbon Tracker
• 350.org
• ClientEarth
Forceful Engagement
• Divestment
• Voting
• Litigation
The Future Beckons
• Opportunity
• Risk
• Action