The London Accord
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The London Accord
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© The Z/Yen Group of Companies 2008
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The
London Accord is a unique collaboration between investment banks, research
houses, academics and NGOs. The London Accord has produced the first ‘open
source’ research resource for investors in climate change solutions. This
website sets out the context for investments in climate change solutions,
analyse individual opportunities and discuss the implications for the
construction of investment portfolios. The London Accord (www.london-accord.co.uk) brings the innovation and rigour of financial markets’ research to bear on the evaluation of investment opportunities in potential solutions to the impact, and mitigation, of climate change. Climate change is a disruptive factor, and according to many, the most important long-term issue facing the world today. The outcome of this project is to offer investors and policy-makers the context, knowledge, and tools to navigate the implications. The London Accord partners have created a powerful reference guide to:
Teams from leading investment banks and research houses have produced the London Accord's core outputs. BP managed the programme, academics (through the London School of Economics) have provided access to the underlying science and economic analysis; NGOs (through Forum for the Future) offered their perspective on the research and its implications; the Z/Yen Group coordinated the London Accord’s methodology; and the City of London Corporation has freely published the results. The core contributions from leading participants are reports on:
The Center on International Cooperation and River Path Associates provide a review of the state of the debate over climate change; the Cambridge Centre for Energy Studies identifies forces of change in the energy markets; Forum for the Future explores sustainability of the investment opportunities in the report; Herbert Smith reviews the advanced legal issues in low-carbon technologies; Z/Yen and BP propose an approach for portfolio analysis and construction; and compare ‘tax’ versus ‘cap-and-trade’ for pricing carbon; the Santa Fe Institute comments on the dynamics of technology, the Climate Conservancy considered product-level standards for greenhouse gasses; the NextEarth Foundation considers the role of philanthropy; Sustainable Forest Management highlights how the market could better incorporate forestry; and Z/Yen and CORDA create an accessible ‘Prisoner’s Dilemma’ game for anyone to understand the politics and complexities of the issue. Together, the London Accord is far more than the
sum of its parts, and creates a ground-breaking tool of open-source analysis
into one of the most critical and complex opportunities on the planet –
investing for climate change. [1] Michael Mainelli and Jan-Peter Onstwedder (eds),
The
London Accord: Making Investment Work For The Climate, City of London
Corporation (2007). More information:
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Z/Yen supports
National Ethical Investment Week (NEIW), 18 to 24 May 2008. This UK
campaign, modelled on successful consumer campaigns such as Fairtrade Fortnight,
marks the first time the financial services industry comes together under one
banner to encourage consumers to consider green and ethical investments through
events and activities. With the key message that green and ethical
investment is for everyone, NEIW will benefit the financial services industry
and consumers by helping to create a public that is well informed of their green
and ethical investment options -