Wonderful Copenhagen?

Climate change continues to be a controversial topic, but how should level-headed investors respond?

President Obama helped drive the issues of climate change to the top of the international agenda in the run up to the Copenhagen Conference on Climate Change in December last year. Many observers were hoping for great things. Some were predicting a legally binding international agreement on international emissions reductions. Unfortunately, in the end, Copenhagen failed to deliver. Many have pointed the finger at China’s blocking tactics. Some also believe the controversial hacked emails that emerged on the web regarding some of the University of East Anglia’s academic research, which app...