UK's Stern report adds momentum for renewables and carbon reduction techs

The UK government's Stern report on climate change, published in late October, will provide a boost for investment in the renewable energy and carbon reduction technology industries, market participants say.

The report outlined the projected economic impact of unchecked climate change, predicting that a 2-3 degrees Celsius rise in global temperatures would cause global economic output to fall by 3%. Stern recommends that the world devote 1% of global GDP to fighting climate change, with a vie