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Climate change equals money -- potentially big money. HSBC's decision to launch a Climate Change Fund next month proves this, as confirmed by Farley Thomas, global head of wholesale at HSBC Investments, who says: "HSBC considers climate change to be one of the biggest investment themes for the foreseeable future. In launching this fund, our aim is to offer investors greater choice when aiming to capture climate change opportunities."
From 9 November, if everything goes according to plan, HSBC customers will be able to invest in companies that, as HSBC puts it 'are considered best-placed to benefit from addressing, combating and developing solutions to the challenges presented by climate change.' This includes renewable energy companies such as Vestas, energy management companies such as FuelCell Energy and waste management companies like Veolia.
To find out which companies are most likely to profit from fighting the consequences of our carbon consumption, HSBC set up its Global Climate Change Benchmark Index in September this year. Apparently, the index has proved very successful so far.
So, environmentalists, brace yourselves. You might be able to invest in more than just natural resources for your kids to enjoy in the future -- and earn a bit of cash on the way, too.
Photo: Vestas
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