The following letter was sent to Kathy Sierra, Vice President of the Sustainable Development Network at the World Bank on September 20th 2007, regarding the launch of the Forest Carbon Partnership Facility (FCPF).
Merrill Lynch and WRI’s Capital Markets Research Team
Presents framework for understanding the regulatory and market dynamics driving the demand for more fuel efficient and less polluting automobiles, and highlights investment ideas levered to this long-term theme.
Policies to regulate greenhouse gases are being developed and implemented in major markets around the world. Because these new policies bring costs as well as opportunities, prudent investors will factor climate change risk into investment decisions.