This just in--a Global Head of Climate Change Investment Research speaks in favor of global climate change investment

GLOBE-Net - The business of the environment online, Canada

GLOBE-Net (November 3, 2008) - Deutsche Asset Management (DeAM) has published a research paper arguing that the accelerating pace of global warming will force governments to invest more heavily in climate change mitigation and adaptation despite the financial setbacks of the current market crash.
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The necessity to act now to mitigate and adapt to climate change has taken on even greater urgency than a year ago. With carbon levels at record highs, new research has shown that we are moving toward a tipping point that could set off a self-sustaining cycle of rapid global warming. Without significant and immediate action, this tipping point is perhaps only 15 years away, sates the report.
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According to Mark Fulton, DeAM’s Global Head of Climate Change Investment Research, "The current crisis is making the necessity of tackling climate change an opportunity to stimulate growth through investment opportunities."

The paper states that the debate around climate change is shifting away from cost and risk towards the question of how to capitalize on exciting opportunities. The climate change universe is well-suited for public equity markets and particularly, private markets such as venture capital, private equity, infrastructure and timberland.

To encourage private capital into technologies that mitigate or adapt to climate change, including renewable energy technologies, governments must create a favourable regulatory framework - in particular, a global carbon price, the report says.