Retirement investing for a warming planet: The impact of climate change

August 15, 2016 at 10:39 am Leave a comment

retireLike many people planning for retirement, Olive Dempsey often wonders if she and her husband are investing their money the right way.

The Vancouver couple in their mid-30s are not just worried about whether their choices will allow them to retire. Instead, they also worry about their investments’ suitability to meet the challenges posed by climate change.

For example, food costs are already rising as weather becomes more unpredictable and severe, he says, and could increase substantially because of climate change, a study by the Intergovernmental Panel on Climate Change estimates.

The couple, who have a young daughter, are among a growing number of investors seeking climate-friendly investments. A 2014 survey by 350.org, an international advocacy group for reducing carbon emissions, found that 90 per cent of the mostly North Americans they polled were prepared to consider fossil-fuel-free investments.

To Matt Horne of the Pembina Institute, it’s a heartening trend, especially given that even the best-case scenario for climate change means retirement will probably be considerably more costly than today.

Read Retirement investing for a warming planet: The impact of climate change by Joel Schlensinger in the Globe and Mail.

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Entry filed under: Climate, Economy, How-To, Investment.

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