At Winslow, we are hopeful that global leaders can come together in 2009 and 2010 to deliver meaningful international agreements to address climate change. But as investors we have to face reality: the worldwide wake up call regarding climate change occurred relatively late in the game, and no matter how the world responds to this looming threat, our economy and society now face inevitable and potentially severe consequences. In this issue of Winslow Environmental News, we take a look at how even moderate climate change may impact the world in the future - and indeed, is already impacting the world today - and how investors can respond by focusing on climate change adaptation.
MAIN ARTICLE
If global warming can't be stopped in its tracks, can human society effectively adapt to new climate conditions as it has in the past? Ellen Pfeifer examines the issue of climate change adaptation through the eyes of leading academics - what are the available policy options? How much might adaptation cost? And how can the burden on developing nations - likely suffering the heaviest impact, while being least capable of funding adaptation solutions - be fairly shared across the globe?
MARKETBEAT: ADAPTING YOUR PORTFOLIO TO CLIMATE CHANGE
In a scenario where climate change can't be avoided, some companies and industry sectors are likely to suffer significant blows to growth and profitability. At the same time, newly created demands from a changed global marketplace may create massive new opportunities for companies that can help us to adapt to a new reality. In this edition of Marketbeat, portfolio manager Jack Robinson looks through the lens of climate change adaptation and considers the risks and opportunities facing investors.
FEATURED COMPANY: Telvent
Telvent (TLVT) is a unique technology company which offers a wide range of solutions to corporations seeking to squeeze greater resource and energy efficiencies from their supply and distribution chains. Through a strategy dedicated to address environmnetal sustainability issues, and a driven, high quality management team, Telvent has generated a remarkable track record of success. Winslow analyst Ben Smolley provides some insight into this company's impressive story.
Plus: An update on recent developments in the race to effectively transmit and distribute the nation's growing renewable energy reserves; and updates on some of the companies in Winslow's investment universe.