I appreciate that and like I said I think it is a valid way to create more revenue streams, however like the Clinton fund this gravy train is going to dry up now to a large degree that the globalists lost their little battle, and will likely lose to the Republicans again in 2020. The future is in energy efficiency, and like everything, a strong return on equity over time. EFFICIENCY, not low carbon. If you look at the makeup of the Global fund it already invests heavily in firms that are widely considered to be aggressively pursing low carbon strategies, particularly in tech.
I refuse to believe Hamish Douglass is stupid enough to take low carbon strategies and the Paris agreement seriously when he takes such a broad, logical, holistic and considered approach to evaluating the macroeconomic environment and analysis of stocks. Anyone who takes more than a five minute look at the Paris agreement (which is mentioned heavily in the current info for MFG low carbon concept) can see it is total, and utter bullshit. It is an industry FORCED into existence through government, and therefore will never be sustainable when the regulations on American energy and subsidisation of low carbon tech dry up.
Crony capitalism at its worst, and completely unsustainable. Not to mention based on a simplistic globalist agenda for more centralised government control.
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