UK - Warnings by schemes and fund managers over the financial implications of climate change have been endorsed by environment secretary Margaret Beckett.
She said climate change was a “crucial issue” for investors and businesses and posed risks to those who failed to address it properly.
Beckett – speaking at a conference organised by the Institutional Investors’ Group on Climate Change, a forum of schemes and fund managers – highlighted opportunities for investing in new cleaner technologies and trading in greenhouse gas emissions.
The conference was told of pending legislation, including 2005 EU carbon trading regulations and the government’s energy white paper which is to be published in February.
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