Managers bullish despite Copenhagen impasse

Negative sentiment around the failure to reach a detailed agreement at Copenhagen will only have a short term impact on environmental markets, say fund managers.

Heads of state and government are due to sign an agreement at the UN climate change summit today. However, most expectations are that any deal will not be legally binding and future negotiations will be needed to ensure firm targets. There also rumours that leaders have been asked to extent the talks until tomorrow. Managers recognise there will be some fallout from Copenhagen but believe the longer term outlook remains positive. "I still believe a political agreement will be reached, though this will not meet the demands of environmental groups and scientists and overall is likely to...