Surprising advice from a group called Climate Change Capital: more capital should be allocated for climate change

Climate change for investors | theage.com.au

NEW investment is in danger of heading overseas if business continues to look for an escape from the harsh realities of climate change and does not begin a reallocation process of capital towards sustainable investments, says a visiting expert on climate change investment.

James Cameron, co-founder of British-based investment banking group Climate Change Capital, said Australia could "miss the boat" on millions of dollars of investment if the Government accepted Professor Ross Garnaut's recommendation of a 10% cut in emissions levels by 2020.