The Financial Post reports in its Wednesday edition that climate resilience has emerged as a key theme shaping government policies and transforming markets. Guest columnist Aman Budhwar writes that a recent report by Blackrock Investment Institute estimates extreme weather -- the fires, hurricanes, floods, and tornadoes that have been front-page news all summer -- could clip more than 5 per cent from economic activity by 2050, even as the low-carbon transition evolves. Current and future investment decisions need to factor in the various effects of policy, production, consumption patterns and capital allocation during the transition to a low-carbon world. Many companies are poised to benefit from the clean energy transition and some of them are in Canada. Mr. Budhwar notes, for example, that NFI Group is a global bus and motor coach provider with 450 years of combined experience across its portfolio companies. Its clients are taking the lead in switching to electric vehicles from diesel ones. Putting supply-chain-related disruptions during COVID-19 behind them, NFI is increasing production to meet demand from a record public-market bid universe that is projected to be more than 21,500 units over the next five years.
© 2024 Canjex Publishing Ltd. All rights reserved.