While early-transitioning countries and companies may suffer some higher costs, the economic benefits from selling clean technology and related services will probably more than offset them, said Bruce Duguid, who leads engagements with environmentally exposed companies at Hermes Fund Managers Ltd. in London.
“If you move earlier on climate policy, you’ll be in the vanguard of technological development and capital deployment and you’ll see greater inward investment,” he said.
This article was provided by Bloomberg News.