Markets vs. climate change

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Last year, HSBC launched its climate change index to much fanfare. ClimateBiz reports that companies producing goods and services geared towards dealing with climate change produced some $300 billion in annual revenues.* (Hat tip: Giulio Quaggiotto). Kevin Bourne, a managing director at HSBC, argues that "[c]limate change is set to be one of the defining investment opportunities in the years ahead and this is often underestimated." The last year, however, hasn't been very kind to this index - as of yesterday, it was down about 43 percent.


* The original version of this sentence was missing "billion". Thanks to Mudit for pointing out this ommission.


Ryan Hahn

Operations Officer

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