Pictet: Riskier to invest in coal than wind energy

Campanale says government global warming targets are making coal a risky investment.

Government global warming targets make coal a far riskier investment than clean energy, according to Pictet’s Mark Campanale. The director of four elements capital at Pictet said owing to the targets it is more risky to buy into coal, because at some point in the “next 10-20 years there will be a collapse in the valuation of fossils fuels”. Speaking at Investment Week’s Climate Change Investment Conference, Campanale said government agreements to prevent global warming from rising two degrees warming above current levels make clean energy a wise choice. “If you burn every fossil fu...