Climate change tomorrow's high-tech
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Tue, 27 Feb 2007 20:38:00 GMT |
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NEW YORK, Feb. 27 Global warming is displacing technology as an emerging major investment theme as analysts devise ways of cashing in on climate change, a published report says.Interest rate discussions are giving way to debate about what a 1-degree rise in temperature each year would do to profits at companies ranging from automakers to solar businesses, USA Today reports.We are approaching a tipping point when it comes to climate change, Citigroup strategist Edward Kerschner says. The world's biggest financial-services firms are investing huge amounts of time and intelligence into determining which stocks and sectors will likely benefit -- and be hurt -- by changes in the Earth's weather patterns, the newspaper says.Global warming is likely to prove (to be) one of those tectonic forces that -- like globalization or the aging of populations -- gradually but powerfully changes the economic landscape, Lehman Brothers Senior Economic Policy Adviser John Llewellyn writes. Copyright 2007 by UPI
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