Concerns over US President Donald Trump's effect on low carbon-related industries appear to have been overplayed, as MSCI's low carbon indices have outperformed their counterparts since his US election victory last November.
Throughout his election campaign, Trump said he would "cancel" the Paris Agreement and US Climate Action plans, stop US support for UN global warming programmes, while advocating wanting to "save" the coal industry. However, it appears the President's bark has been worse than his bite, with the MSCI World Low Carbon Leaders (LCL) index outperforming the MSCI World by 24 basis points (bps), while the MSCI North America (NA) LCL index and MSCI Europe LCL index also achieved outperformance of 38bps and 27bps respectively against their regional peers, in the period between 8 November 2016 an...
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