In mid October the International Monetary Fund IMF released a statement which said countries around the world should urgently begin accelerating efforts to reduce greenhouse gas emissions and the best way to do that is through implementation of carbon taxes and global co-operation.
In an article by Lindsay Dunsmuir of Reuters, the IMF warns of global warming causes major damage to the global economy and the natural world, and engenders risks of catastrophic and irreversible outcomes.
The reason why the statement is important is the IMF is a banker to many countries around the world. If the banker says on global warming do something, it means if your country is not doing something you will receive no funding for your projects. Do something beyond plans and the IMF will continue to bankroll projects.
Linking to dividend paying stocks, if organizations such as the IMF are expecting countries to do something about global warming; it stands to reason citizens as well as investors will be expecting companies to do something about global warming. No one knows what needs to be done except no one wants a world wide recession which limits any output. We are all are in this problem together and trust the solution will come sooner than later.
There are more questions than answers, till the next time – to raising questions.