Document summary
The upcoming U.N. Climate Change Conference in Qatar will once again seek to find a global consensus to curb rising emissions of greenhouse gases. With the devastating impact of Hurricane Sandy fresh in U.S. policymakers’ minds, and a newly re-elected President Barack Obama declaring climate change to be one of the top three priorities in his second term of office, this report explores whether a “perfect storm” as far as environmental regulation is concerned could materialise. This series of articles looks at how environmental regulation in the US, Europe, Japan and Australia could affect utilities' credit quality.