The "Climate Tracker" provides a Reference for Policies to be discussed at
Upcoming Climate Change Talks in Copenhagen and Calls for Increased Government
Action
NEW YORK--(Business Wire)--
Deutsche Bank`s Asset Management division (DeAM) today published research which
provides investors with an analysis of climate change policies and assigns a
risk rating to 109 countries, states and regions based on key government
mandates and supporting policy frameworks. The report, titled "Global Climate
Change Policy Tracker: An Investor`s Assessment" (Climate Tracker), was produced
by DB Climate Change Advisors (DBCCA), DeAM's institutional climate change
investment and research business, working with the Columbia Climate Center at
the Earth Institute, Columbia University.
The "Climate Tracker" is the first publicly-available analysis of its kind. It
incorporates results of a model prepared by Columbia Climate Center researchers
that estimates the impacts on carbon emissions of each of 270 major climate
policies, and aggregates them at country, regional and global levels. The
"Climate Tracker" provides a risk rating of countries and regions based on their
relative attractiveness to investors. It is designed to help investors identify
the best risk-adjusted returns in climate change investment opportunities around
the world.
The "Climate Tracker" is available online at: http://www.dbcca.com/research.
Highlights of the research include the following:
* Even if current and select proposed policies were to make their maximum
possible impact, emissions in 2020 would still exceed the amount needed to limit
the average world temperature increase to 2 degrees C. To meet such a goal,
emissions would need to be reduced further, by an amount equivalent to the
current annual emissions of the U.S. economy.
* More capital is required to mobilize climate change industries, and more
action by government is required to attract capital. Investors are most
attracted to countries and regions with comprehensive, integrated government
plans that are supported by strong incentives, such as feed-in tariffs.
* Governments must create transparent, long-term, and certain policies to
attract capital. While the carbon markets may offer long term solutions, at
present investors are driven by on-the-ground mandates and incentives.
* Energy efficiency could help deliver significant reductions in emissions.
Since efficiency provides savings in the long-term, it is essential that
governments tackle market failures to encourage capital deployment in this
area.
"What investors want is Transparency, Longevity and Certainty - "TLC" - in
policy regimes to mobilize capital," said Kevin Parker, Global Head of DeAM and
member of Deutsche Bank`s Group Executive Committee. "Many major emitters such
as the US and the UK do not have enough "TLC" in their policy frameworks. Our
rankings show that China has a lower risk for climate change investors, as does
Germany, but the research also shows that in order to avoid catastrophic climate
change, all countries will have to do more to encourage investment."
"Carbon markets may provide policy support to investors in the long term.
However, for the foreseeable future, investors will be focused on mandates and
incentives," said Mark Fulton, Global Head of Climate Change Investment Research
at DeAM. "We believe that appropriately-designed and budgeted feed-in tariffs
have demonstrated their ability to deliver scale."
About Deutsche Bank
Deutsche Bank (NYSE: DB) is a leading global investment bank with a strong and
profitable private clients franchise. A leader in Germany and Europe, the bank
is continuously growing in North America, Asia and key emerging markets. With
78,896 employees in 72 countries, Deutsche Bank competes to be the leading
global provider of financial solutions for demanding clients creating
exceptional value for its shareholders and people. www.db.com
About Deutsche Asset Management
With approximately $613 billion in assets under management globally (as of 30
March 2009), Deutsche Bank`s Asset Management division is one of the world's
leading investment management organizations, not just in size, but in quality
and breadth of investment products, performance and client service. The Asset
Management division provides a broad range of investment management products
across the risk/return spectrum.
Deutsche Bank
Renee Calabro,212-250-5525
Media Relations
Copyright Business Wire 2009
