Climate change stocks low six months after Copenhagen

Six months on from the UN Climate Change conference in Copenhagen, climate change-related shares look likely to remain at depressed levels, managers say, at least in the short term.

They believe shares in the sector have been more adversely impacted by concerns over the global economic recovery than the rest of the market. The run up to the December conference saw such high expectations that the final cobbled-together accord on agreement on CO2 reductions failed to impress. The lacklustre outcome, combined with ongoing fears about the global economy, has led to a tough environment for the sector. Simon Webber, the manager of the Schroder Global Climate Change fund, says Copenhagen failed in its key aim of pushing countries to adopt a more global approach. "Cop...