Overview

The costs of global warming and its mitigation will have a major impact on equity market performance over the next two decades. As the climate changes, investors will need to understand which are the best-positioned market sectors and stocks as well as those to avoid. Hot Stocks provides a roadmap detailing how to invest in this new reality. It evaluates the many ways global warming will affect profit flows in the economy: Impacts of a warmer climate, rising ocean levels, more frequent extreme storm events, land desertification and ocean acidification. Potential for government taxation on greenhouse gas emissions. Accelerating switching to renewable power systems that are increasingly cost competitive with those powered by oil fossil fuels. Government bans on sales of cars powered by internal combustion engines and the electrification of the terrestrial vehicle fleet. Potential for hydrocarbon reserves and equipment becoming impaired or ‘stranded assets’. Rising demand for major infrastructure projects to protect valuable coastal real estate from inundation. Litigation aimed at forcing legacy polluters to pay mitigation costs.  The book drills down on how these myriad changes will depress or support stocks in sectors such as the petroleum industry, automakers, renewable power providers, regional banking, property insurance, heavy equipment manufacturers, Real Estate Investment Trusts (REITs) and agricultural chemicals. The analysis then pivots away from a US-centric focus to identify those nations around the world whose economies are best positioned to successfully adjust to the impact of rising prevailing temperatures, as well as those likely to suffer the most from the trend. Hot Stocks introduces readers to investing in ways that that will likely succeed as the world warms, climates change, populations move, and businesses change. Accessibly written and well-researched, this work is for the novice and the seasoned investor alike.

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9781538137468

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James Ellman's insightful analysis of the catastrophe that is climate change shows how we can turn lemons into lemonade by investing wisely.--Jordan Hymowitz, Managing Partner of Philadelphia Financial Management A brisk and eye-opening tour through the major sectors of the stock market that makes clear how important the impacts of global warming will be for equity investment returns.--Andrea Mitroff, Former Managing Director, Global Equities Lead Portfolio Manager, TIAA Investments

James Ellman's insightful analysis of the catastrophe that is climate change shows how we can turn lemons into lemonade by investing wisely. -- Jordan Hymowitz, Managing Partner of Philadelphia Financial Management A brisk and eye-opening tour through the major sectors of the stock market that makes clear how important the impacts of global warming will be for equity investment returns. -- Andrea Mitroff, Former Managing Director, Global Equities Lead Portfolio Manager, TIAA Investments

James Ellman’s insightful analysis of the catastrophe that is climate change shows how we can turn lemons into lemonade by investing wisely. -- Jordan Hymowitz, Managing Partner of Philadelphia Financial Management A brisk and eye-opening tour through the major sectors of the stock market that makes clear how important the impacts of global warming will be for equity investment returns. -- Andrea Mitroff, Former Managing Director, Global Equities Lead Portfolio Manager, TIAA Investments

Author Information

James Ellman, MBA, has had a successful career in asset management. Over more than two decades, he invested billions of dollars for clients in global equities as a Managing Director at Invesco and Merrill Lynch and then as a hedge fund portfolio manager at Seacliff and Ascend Capital. As a portfolio manager, Mr. Ellman became adept at distilling complicated financial concepts and issues into short, readily communicated explanations. He has sat for more than 100 interviews with such media outlets as Bloomberg Television, CNBC, The Wall Street Journal, Reuters, NPR, The New York Times, Forbes, CNN, The Guardian, Time Magazine, and ABC News.

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