When: 12 and 13 October 2006
Where: Paris, France
There is no longer any doubt that human activity is leading to increased greenhouse gas concentrations in the atmosphere and that these increased concentrations are resulting in increased average global temperatures.
The effects of increased temperatures are predicted to include rising sea levels, more frequent extremes of rainfall resulting in intensified droughts and floods, and increasingly frequent and intense hurricanes and severe storms.
On 12 and 13 October 2006, major European pension funds, consultants and asset managers met in Paris at the Institutional Investors Group on Climate Change (IIGCC) Conference: Managing Investments in a Changing Climate. The conference provided an opportunity for investors to consider the risks and opportunities presented by climate change, to review the contribution that has been made to date by institutional investors and to map out the future direction for investor action on climate change.
There has been significant progress since the first IIGCC conference in 2003, driven in particular by the European Union’s Emissions Trading Scheme (EU ETS). In those sectors covered by the EU ETS (e.g. electricity utilities, cement), the cost of carbon is now a standard part of the buy and sell sides’ evaluation of companies.
ManagingInvestmentsChangingClimateIIGCCconferencereport.pdf (application/pdf Object)
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