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The world is warming, our portfolios will have to adapt, and the stocks we own can help shape our future; James Ellman shows how to invest wisely as climate change impacts multiple sectors across the stock market. The costs of global warming and its mitigation will have a major impact on equity market performance over the next two decades. As the climate changes, investors will need to understand which are the best-positioned sectors and companies as well as those to avoid. Hot Stocks provides a roadmap detailing how to build a portfolio in this new reality to drive both profits and positive change. It evaluates the many ways global warming will affect the economy and our lives - Impacts of a warmer climate including rising ocean levels, more frequent extreme storm events, land desertification and ocean acidification. - Potential for government taxation on greenhouse gas emissions. - Accelerating switching to renewable power systems that are increasingly cost competitive with those powered by oil fossil fuels. - Government bans on sales of cars powered by internal combustion engines and the electrification of the terrestrial vehicle fleet. - Potential for hydrocarbon reserves and equipment becoming impaired or 'stranded assets'. - Rising demand for major infrastructure projects to protect valuable coastal real estate from inundation. - Litigation aimed at forcing legacy polluters to pay mitigation costs. The book drills down on how these changes will depress or support stocks across industries as diverse as oil exploration, automakers, renewable power providers, regional banking, property insurance, heavy equipment manufacturers, Real Estate Investment Trusts (REITs) and agricultural chemicals. The analysis then pivots away from a US-centric focus to identify those nations around the world whose economies are best positioned to successfully adjust to the impact of rising prevailing temperatures, as well as those likely to suffer the most from the trend. Throughout, Ellman argues that allocating capital to more environmentally responsible companies will lead to both higher portfolio returns and a more viable world for our progeny.