Jeremy Grantham, who's predicted every modern financial bubble, has a strategy he says investors should use to profit from fighting climate change.
That partially stems from Grantham's expectation that the clean-energy shift will be rife with inefficiencies ready to be exploited.
But that's the simplistic way of looking at it. Grantham says there are a handful of other"significant" benefits his suggested climate-change strategy can offer. They can be broken down into four main categories, each of which is outlined below:Grantham says one of the main selling points of his climate-change strategy is how decoupled it is from stock-market returns.
"We expect to see periods where a climate change strategy performs well in a weak market and vice versa," he said."If we told you we had identified an asset class that provided equity-like returns, perhaps better, in a manner quite different from the broad equity market, you would jump at the opportunity."Even the Trump administration concedes that climate change is bound to take a bite out of the economy over the rest of the century.
All of the forces outlined above are great and all, but the ultimate objective of Grantham's strategy is to make money. To that end, he's appended this pillar of his strategy, which involves finding bargains in the investing universe he's already laid out.
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