The Deutsche Bank’s Asset Management Division (DeAM) recently released a scientifically researched report which gives investors an analysis of climate change policies and shows risk factor to 109 countries, states and regions on key government mandates and supporting policy frameworks. This report provides DB’s investors a reference for policies that are being discussed at the “Climate Change Summit” in Copenhagen (Denmark).
The report [Global Climate Change Policy Tracker: An Investor’s Assessment (Climate Tracker)] includes model prepared by Columbia Climate Center researchers that estimates the impacts on carbon emissions of each of 270 major climate policies, and aggregates them at country, regional and global levels.
“What investors want is Transparency, Longevity and Certainty – “TLC” – in policy regimes to mobilize capital,” said Kevin Parker, Global Head of DeAM and member of Deutsche Bank’s Group Executive Committee. “Many major emitters such as the US and the UK do not have enough “TLC” in their policy frameworks. Our rankings show that China has a lower risk for climate change investors, as does Germany, but the research also shows that in order to avoid catastrophic climate change, all countries will have to do more to encourage investment.”
“Carbon markets may provide policy support to investors in the long term. However, for the foreseeable future, investors will be focused on mandates and incentives,” said Mark Fulton, Global Head of Climate Change Investment Research at DeAM. “We believe that appropriately-designed and budgeted feed-in tariffs have demonstrated their ability to deliver scale.”
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