Climate change, the current hottest topic, appears every day in all kinds of media all over the world. After the scientific consensus has been made that global warming is real, and, to a large extent, is man-made, a wide range of interest people are in progress to integrate climate related issues into their daily work and decision making processes.

Of course, financial sector, like always, smelled out the economic potential of the infant carbon market forged by the framework of the UNFCCC, and its main treaty of Kyoto Protocol. That is why now we see very often that the bankers, insurers, fund managers, venture capitalists etc. who were putting their money crazily on the carbon-intensive businesses, e.g. coal-fired power plants, petroleum companies, automotive companies, steel industry, cement industry… seriously talking about the risks and impacts of rising temperatures, climbing sea levels, vanishing icebergs, intensified and more frequent natural disasters, high risk exposures to the poor, especially for those in the developing world...

Well, today's high CO2 concentration in the atmosphere has been produced by, among other things, the unlicensed economic activities ever since the Industrial Revolution in 1850 with its symbolic achievement of steam-powered ship. However, all these technological innocations and economic developerment have been theoretically guided by the modern economic doctrines that are unfortunately still staying in our mainstream textbooks of economics.

Nevertheless, it is time to look back what have been achieved by the humankinds in the path of evolution, and in the meantime what we have messed up of our Earth, the only one for us, even though it was reported that a planet called Gliese581 might have the potential to provide us with a new home some day.  

You should definitely not miss this movie, "An inconvenient Truth". http://www.climatecrisis.net/ or try somewhere to download the full version.

When you got spare time, welcome to the website of my company to have a closerlook of this new market. www.3c-company.com where you also find some interesting stories.