Climate change: the price to pay for saving the planet

Environmental risks to our future are very real. There are four reasons to be optimistic, but all will have long-term consequences for the economy and financial markets, says Jonathan Compton

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(Image credit: © Howard McWilliam)

It’s confession time. I have finally come out as a fully-fledged tree-hugger. Aged ten, I planted my first tree (a eucalyptus), bought a polecat ferret (I had confused endangered polecats with polecat ferrets) and gave my first eco-donation to Save the Whales. These were not things to declare openly, being un-cool.

Later, like many people, I was sceptical over the more dramatic claims made by climate doom-mongers. But the simple observation of the loss of so many animal and plant species combined with visible environmental destruction forced me to accept that change is needed.

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Jonathan Compton was MD at Bedlam Asset Management and has spent 30 years in fund management, stockbroking and corporate finance.