One of the challenges of our job is that we tend to lose all sense of proportion and obsess about trivialities such as the RBI’s interest rate announcements or the latest sexual escapades of our politicians. Meanwhile, changes take place in the real world which are quite literally earth-shaking. On 6th October 2018, the Intergovernmental Panel of Climate Change (IPCC) said that by 2030 and no later than mid-century, global warming will reach 1.5 degree Celsius when compared to pre-Industrial Age temperatures. No one in India seemed to care inspite of the fact that India is one of the countries most vulnerable in the face of rising temperatures.
This Indiaspend article looks at the impact of climate change on the Indian part of the Himalayas. New trees and fruit plants never seen before are sprouting up, apple production is falling and summers in the Himalayas are hotter than ever. Glaciers are retreating and river basins are threatened. Surely, you are not one of those who is investing heavily in companies with plants in Uttarakhand or Himachal Pradesh.
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Note: the above material is neither investment research, nor financial advice. Marcellus does not seek payment for or business from this publication in any shape or form. Marcellus Investment Managers is regulated by the Securities and Exchange Board of India as a provider of Portfolio Management Services. Marcellus Investment Managers is also regulated in the United States as an Investment Advisor.
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