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Will There be a World Climate Agreement?


By Brendan Coffey, Analyst and Editor of Cabot Green Investor
From Cabot Green Investor Update 11/19/09

What’s going to happen in Copenhagen? Reports yesterday said no world climate agreement will be reached at the global confab to replace the Kyoto Treaty next month. Reports today out of Europe say there will be an agreement, but it may not be as precise as people hoped.

With as much worldwide consensus as there will likely ever be about greenhouse gas emissions now that the Democratic Party controls the U.S. executive and legislative government branches, there will be some intergovernmental agreement, whether it is next month or early 2010, as some speculate. Obviously, the sooner an agreement is locked in, the better it will be for Green. In any case, count on something next month, since it would be a shock to gather world leaders at any conference without some agreed-to conclusion in hand before the actual meetings begin.

Right now, for us and the market, the Green-Timer remains negative even as the longer term picture continues to look bullish. It will take a little bit of work to move the Timer into a buy signal, but we’re confident we’re moving in that direction. If all goes well, it could be as soon as next week. For the time being, we’re continuing to watch our featured stocks from the November issue and scrutinizing the model portfolio’s holdings for weaklings we’re better off unloading. To that end, we’re going to err on the cautious side with Trex and take a modest profit in shares, which have rallied this week.  

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