Climate Change: How Has the Market Responded?
Jul 10th 2013 9:31AM
Updated Jul 10th 2013 9:32AM
John Vechey of PopCap Games recently joined The Motley Fool for a climate change summit. His first panel guests were Dr. Rachel Cleetus and Dr. Joe Casola. Dr. Cleetus is a climate economist with the Union of Concerned Scientists, where she advocates for effective global warming policies at the state, regional, federal, and international levels. Dr. Casola is program director for science and impacts at the Center for Climate and Energy Solutions, which works to assess the current state of knowledge regarding climate change and its impacts, and to promote actions that strengthen climate resilience.
In this video, Dr. Cleetus shares some of the ways that the market has responded to the challenges of climate change. The government is also taking some helpful measures, although not with the urgency that may be required. She also discusses how the auto industry is responding. Her comments are timely, considering last week's announcement from General Motors and Honda that the two companies would begin collaborating on fuel-cell technology development for vehicles. The whole industry seems to be getting in on the game. This past January, Daimler, Ford , and Nissan announced their own plans to work together to build fuel-cell vehicles within five years. Meanwhile, Toyota expects to sell a million hybrids per year through 2015, and is currently testing the market for its Rav4 EV Crossover, for which Tesla supplies the battery and motor.
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The article Climate Change: How Has the Market Responded? originally appeared on Fool.com.Sara Murphy has no position in any stocks mentioned. Follow her on Twitter @SMurphSmiles. The Motley Fool recommends Ford, General Motors, and Tesla Motors. The Motley Fool owns shares of Ford and Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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