Fossil fuels have been the mainstay of energy generation for decades, but the move away from carbon-based, nonrenewable fuels is being driven by concerned citizens and governments, although nations are falling short of targets. There will be winners and losers during the transition to a carbon-neutral world economy, and investment-portfolio managers want to be in the winners’ group. What are the climate-change, carbon-transition risks that portfolio managers need to consider?
