Which sectors could be impacted by the Paris Climate Agreement?

The Paris Climate Agreement, struck last month, changes the lens through which governments, companies and investors view the future. Bruce Jenkyn-Jones, head of listed equities at Impax Asset Management, analyses the agreement's impact on investment.

After many years of negotiations, the Paris Climate Agreement establishes for the first time a truly global mechanism to rein in climate change, and one that will be subject to further tightening through periodic reviews. We believe the agreement has fundamentally shifted calculations about risk and opportunity across many industrial sectors - most notably in energy, but also in transport, industrial goods, agriculture, waste, property, pulp and paper and many more. It looks set to shift corporate positioning and make capital more readily available to businesses specialising in low-ca...