How does public opinion about climate science affect investment in low carbon equities? HSBC has charted low-carbon equities’ performance relative to world markets since the IPCC’s landmark fourth assessment, published during 2007:

They point out that the HSBC Global Climate Change Index only fell 18.2 per cent from the launch of the IPCC’s fourth assessment report in 2007 until the hacked CRU emails were published in November 2009, while the MSCI World Index fell 22.8 per cent in the same period.
But since the CRU email incident, the Climate Change Index only rose 2.1 per cent compared to 4.8 per cent for the MSCI World Index.




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