Will Climate Deal Boost Alternative Energy ETFs?
Tuesday, December 8th, 2009Michael Johnston submits:
Over the past two years, the primary focus of world leaders has been the series of economic crises that have threatened to erase years of progress and growth. With all available resources dedicated towards avoiding a prolonged downturn, many social and environmental issues have been moved to the back burner. Now, with a seemingly stable recovery underway, issues that had been pushed aside are returning to the forefront.
One of these such issues is climate change. Various initiatives have been discussed in a variety of different settings, but these efforts have produced more frustration than progress, as heads of both developed and emerging markets have failed to agree on any actionable next steps. Disagreements over the contributions of China and India to a comprehensive deal have been one of the major sticking points preventing meaningful progress. These emerging markets have reportedly expressed a willingness to slow the rate at which their emissions are growing, while most developed economies have pledged to reduce emissions.
