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2018-07-17 14:00:00| GoldSeek.com News

Yes, you read it well! The WGC indeed wrote a report on the link between gold and climate change. Actually, it has 40 pages! The justification is that many investors are keen to understand the potential climate change impacts of their assets, including gold. The main findings are that total greenhouse gas emissions from gold are significantly lower (especially when looked at per U.S. dollar value) than other major products sourced primarily from mining, such as steel, aluminum and coal. Thus, investment in gold may help reduce the carbon footprint of an investment portfolio, which should be welcomed by environmental activists. Moreover, gold itself may play an important role in technologies that help facilitate a transition to a low carbon economy, so owning gold may reduce the investors exposure to climate change risks.

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Category: Investing

 

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