40 INVESTMENT
aimed at off shore wind developers, while in others they might be the provision of technical environmental advice to shale gas producers. Is its business case reliant on
promised but controversial legislation, such as cap-and-trade schemes? If so, how likely is the legislation to reach the statute books? Many an investment has been derailed by an overly rosy view of promised legislation. The challenge is
and detailed research is also available. For example, those seeking to understand investment opportunities and risks in European waste treatment might make use of reports by Tolvik Consulting, while investors keen to understand the environmental consultancy sector might be drawn to Environment Analyst’s work.
As Earth’s capacity to
identifying which companies have that killer combination of sound business model and superior management. “We’d like to do more deals in the services sector,” O’Neill says. “The diffi culty is often fi nding companies. Many don’t think to promote themselves to growth capital investors”. Researching the market is complicated
by its diversity. Market analysis reports can be useful, provided they are high quality and up to date. Firms such as Verdantix off er data, but more focused
maintain natural climatic cycles and ecosystems is put under pressure, the need for environmental expertise will grow
The outlook With so much volatility in economic markets, investment decisions are not easy. Short- term performance
depends to a great extent
on the fi nancial and political stability of their sectors. But
long-term growth is almost guaranteed. Whatever climate deniers say, the scope of legislation will widen and its
Erin Gill is an environmental journalist focusing on the
fi nancial performance of ‘green’
companies and the eff ectiveness of environmental legislation. She is an editor with Environment Analyst and also writes for Windpower
Monthly, the ENDS Report and The Daily Telegraph among others
sophistication improve. But it won’t be smooth. Climate change action will proceed in fi ts and starts, with enough political turbulence to keep business leaders and investors on their toes. New controls to protect critical
ecosystems are also likely to come in. In one location, that may mean limits on water abstraction, in another fi nancial compensation to mitigate impacts on fl ora and fauna. As Earth’s capacity to maintain natural climatic cycles and ecosystems is put under greater pressure, the need for environmental expertise will grow. It’s simply a matter of identifying when and where, and which companies will reap the greatest rewards. It’s the job of investors to spot the sector’s winners. ||||
CREATING CLIMATE WEALTH
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64