LONDON (Reuters) - Agreement in Copenhagen next month on a new pact to fight climate change will encourage long-term investors to move into firms better placed to cope with a likely and eventual rise in the cost of carbon emissions.
A strong political deal including targets for emission cuts at the Dec 7-18 summit might be just enough to accelerate moves by investors such as pension funds or sovereign wealth funds to adjust portfolios to better reflect long-term risks from climate change, asset managers reckon.
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