Environmental Alpha: Institutional Investors and Climate Change

Angelo Calvello

John Wiley & Sons, Oct 15, 2009 - Business & Economics - 404 pages

The definitive guide to how institutional investors should approach the risks and opportunities associated with climate change

Environmental Alpha provides institutional investors with the comprehensive framework they need to assess the risks and investment opportunities tied to climate change.

Climate change will present institutional investors with some of the most important risks and opportunities they will face for generations to come. Climate change has the potential to affect many sectors in radically different degrees over time, and institutional investors need to have a thorough understanding of the multi-dimensional risks and opportunities that could influence nearly every investment in their portfolios. This volume is composed of contributions by leading experts in environmental investment, moving beyond the theoretical or academic nature of much of the current discussion on the topic to provide you with real-world insights into an emerging market.

• Examines the climate change-related drivers of returns (science, economics, policy, and technology) that make environmental alpha possible
• Explores fiduciary duty and climate change
• Contains in-depth explanations of each of the major categories of environmental investing and examines related environmental alpha opportunities
• Discusses practical implementation issues
• Presents real-world case studies and examples

Climate change will be one of the most important investment themes of the next twenty years; the related environmental investment opportunities will provide institutional investors with some of the greatest "alpha" opportunities for years to come. This book will put you in a better position to assess and access these opportunities.

Contents

• CONTENTS: 3
• Future Climate Change with and without Emissions: 56
• Summary: 74
• PART: 77
• Notes: 93
• CHAPTER 5: 101
• CONTENTS: 104
• PART THREE: 145
• CHAPTER 8: 175
• The Policy Framework: 195
• CHAPTER 10: 213
• CHAPTER 11: 245
• CHAPTER 12: 265
• CHAPTER 13: 297
• PART FOUR: 323
• What Is CR and: 348
• What Role Does ER and CR Play in a Corporate: 357
• Conclusion: 363
• CHAPTER 16: 369
• Conclusion: 376
• About the Contributors: 383

About the author

Angelo A. Calvello is the founder of Environmental Alpha, a consulting firm that helps institutional investors develop climate change–based risk management and investment strategies. He has worked in the investment business for over twenty-five years, and writes and speaks extensively about environmental investing, alpha-centric investing, and alpha/beta separation. Dr. Calvello earned a PhD in contemporary European philosophy from DePaul University and a postdoctoral certificate in business from New York University's Stern School of Business. He is on the Chartered Alternative Investment Analyst (CAIA) Association Advisory Board, and is a member of the Chicago Quantitative Alliance and the Chicago Climate Futures Exchange.

Bibliographic information

• Title: Environmental Alpha: Institutional Investors and Climate Change; Volume 462 of Wiley Finance
• Author: Angelo Calvello
• Edition: illustrated
• Publisher: John Wiley & Sons, 2009
• ISBN: 0470543388, 9780470543382
• Length: 404 pages
• Subjects: Business & Economics / Accounting / General; Business & Economics / Finance / General; Business & Economics / General