Whomever wrote the headline failed to read the article
Climate change could wipe $2.3 trillion off global stocks
Policies designed to combat climate change could permanently slash the value of companies around the world by up to $2.3 trillion.
That’s according to a new report from Principles for Responsible Investment that examines how “inevitable” policies such as banning internal combustion engines will affect stock prices.
The analysis concludes that up to $2.3 trillion, or 4.5%, could be wiped off the value of companies listed on a global stock index from MSCI. The report was prepared by Vivid Economics and Energy Transition Advisers.
Most of that would come from the energy sector and the auto sector. It might not seem like a lot in the overall scheme of international economics, but, that would trickle around the economy, harming people’s retirement funds, and causing an increase in consumer pricing.
But there are also opportunities for investors. Companies that adapt to changing policies would see their combined share prices increase by hundreds of billions of dollars, according to the UN-backed group.
In other words, companies should dupe investors and consumers by making claims that they are Doing Something about ‘climate change’ in feel good campaigns all while they ship products made in China all around the world via fossil fueled vehicles, planes, and boats. Meanwhile, Warmists in Europe are coming after shipping
European shipping emissions undermining international climate targets
Greenhouse gas emissions from shipping equal the carbon footprint of a quarter of passenger cars in Europe and stand in the way of countries reducing emissions and limiting runaway global heating, analysis reveals.
Despite the scale of shipping emissions from both container and cruise ships, they are not part of emissions reduction targets made by countries as part of the Paris agreement on climate change.
In France, Germany, UK, Spain, Sweden and Finland shipping emissions in 2018 were larger than the emissions from all the passenger cars registered in 10 or more of the largest cities in each country, according to the report published on Monday from Transport and Environment, a Brussels-based NGO. (snip)
“To make shipping do its fair share, Europe must bring shipping into its carbon market and mandate CO2 standards for all ships calling at its ports.â€
So, what do they want to do? Obviously, banning shipping will mean a massive loss of products for Europe. It appears that they want to slap big fees on the shippers, which will just be passed down to the consumers. Good luck with this.
