Economy

Proof that Wall Street does pay attention to the climate

By David Callaway, Callaway Climate Insights

(Mark Hulbert, an author and longtime investment columnist, is the founder of the Hulbert Financial Digest; his Hulbert Ratings audits investment newsletter returns.)

CHAPEL HILL, N.C. (Callaway Climate Insights) — We now have proof that the stock market takes the climate into account in setting stock prices.

And not just for this or that green-energy or fossil-fuel company, but for virtually all publicly traded stocks.

This is important because it provides empirical confirmation for what up until now has been a largely theoretical argument about climate investing. That argument has been that climate-related risks, even though largely manifesting over the very long term, should nevertheless have an impact on stock prices.

With this new empirical confirmation, even traders who only are narrowly focused on making money have a powerful rationale for taking climate-related risks into account.

The confirmation is provided in a study that just recently began circulating . . . .

To read the full column, all our insights, news and in-depth interviews, please subscribe and support our great climate finance journalism.

Callaway Climate Insights Newsletter

Sponsored: Find a Qualified Financial Advisor:

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.