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For Professional Clients and, in Switzerland, for Qualified Investors only. In Israel for Sophisticated Investors only.
English
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© 2019. BNY Mellon Investment Management International Limited. All rights reserved.
IDEAS AND KNOWLEDGE TO INSPIRE YOUR INVESTMENTS THINKING
18 April 2019

The risks and opportunities of climate change

The risks associated with climate change are proliferating – with the number of extreme weather events climbing steadily over the past four decades. In 1980, for instance, there were almost 250 recorded extreme weather events. By 2018 that number had risen to 848.

 

Although the Trump White House has been sceptical about climate change, in the US, policy is largely driven at the regional level and several states have actually sought to accelerate their clean energy targets. Even so, economics are very much in the driving seat when it comes to determining the pace of adoption of renewables.

 

While the cost per megawatt-hour (MW) of electricity derived from coal or gas is expected to flat-line in the coming three decades, the same can’t be said for onshore wind and utility-scale photovoltaics. Here, costs are forecast to drop from around US$60 per MW-hour at present to around US$20 per MW-hour by 2050, making both far more cost-effective than established fossil fuels generation methods.

 

For investors, as ever, the challenge is to find the right way to access the opportunities formed from this change in the cost of renewables.

 

Paul Flood, portfolio manager. Newton, a BNY Mellon company

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Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA or the BNY Mellon funds.

 

On January 31, 2018, The Boston Company Asset Management, LLC (TBCAM) and Standish Mellon Asset Management Company LLC (Standish) merged into Mellon Capital Management Corporation (Mellon Capital), which immediately changed its name to BNY Mellon Asset Management North America Corporation.

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