"Pfeffer adds estimates of sea level rise due to thermal expansion and ice melting to calving approximations and concludes that SLR by the end of the century will range 0.8 to 2.0 m above present with an emphasis on the lower area of this range (Figure 7)."
[1] https://en.wikipedia.org/wiki/Future_sea_level#Sea-level_at_...
[2] http://uk.businessinsider.com/cities-exposed-to-rising-sea-l...
Thats true, but what most people don't know is that sea level rise don't necessarily mean catastrophic floods. A far bigger problem -- in our lifetime -- is aquifer salination, that is the intrusion of saltwater into coastal freshwater aquifers. This is already happening, in the Nile-valley, Benin and Cyprus but also in Louisiana and California.
When the salinity of coastal Freshwater aquifers reaches a critical level, growing crops in coastal areas can be all but impossible.
How does that work? Coastal cities will have more than half a meter more water to deal with and additionally have to face larger more powerful storm surges on top of those 50cm. Don't forget at certain times of the year we see stronger tides.
I also wonder if in 2007, the IPCC were more optimistic about our ability to curb emissions and took into account some of the feedback looks which are kicking in?
http://www.npr.org/2016/05/10/476071206/as-waters-rise-miami...
Moreover, Miami is built on porous limestone; sinkholes are everywhere (http://www.newyorker.com/magazine/2013/03/18/notes-from-unde...) and will grow whenever salt water pours in, so Miami sinks. They don't even need rising sea levels to make things worse there.
Because those are slated to be (and according to some measures, already are in certain areas) the primary impacts of climate change, for the geographically unlucky.
"Last year marked a turning point for renewables. Led by wind and solar, renewables represented more than half the new power capacity around the world, reaching a record 153 Gigawatt (GW), 15% more than the previous year. Most of these gains were driven by record-level wind additions of 66 GW and solar PV additions of 49 GW."
Is wealth going to be made on installing rather than manufacturing hardware? It's also hard to see how e.g. SolarCity protects its margins from competition with other installers. Customer acquisition is a big chunk of costs right now, but if SolarCity spends a bunch on ads to get Americans thinking about rooftop solar that helps competing installers too. Look at the Australian market for a glimpse at the future (much lower installation costs, much higher penetration, broad consumer awareness without further advertising).
EDIT: my own best guess is that if there's going to be a breakout company that achieves high margins on cleantech it's going to be in the area of storage. That's because a patented approach that can seriously lower storage costs or increase cycle life (which amounts to practically the same thing for stationary storage) is an advantage that can't be immediately cloned. OTOH I do not expect protected margins for companies that are lowering costs by scaling, e.g. Tesla's battery gigafactory. Historical reminder: at the beginning of the 2000s China had no solar PV industry to speak of. In less than a decade Chinese manufacturers went to dominating the market because IP barriers were minimal and they could scale larger very quickly once there was a state commitment.
I think the question you're asking is "how does a millionaire/billionaire multiply their net worth in a decade or two", while that question I'm answering is "how do I go from salary slave to capitalist class in a decade or two"
Be a consultant in XXIth century urbanization, be it to save energy, reduce pollution or to prepare for the worst. Once we get +2 degrees, countries might understand why +6 degrees might be harmful and massively subscribe to your services.
Or start a weapon industry. See that Daesh thing? That's what happens when there's a slight draught every summer.
Start a boat people company. They'll be in very much demand in 20 years.
You'll object that you have much more money than that and you're not aiming for a mere salary. Well, you'll be happy to have the skill everyone needs when the rest of the world is fighting for survival. Just imagine what if the world votes on a complete ban on petrol and puts the world on an energy diet. Which is the only thing we must do.
Their revealed belief would seem to be that the effects will be mitigated one way or another.
[1]: http://www.nytimes.com/2016/10/20/science/9-cities-to-live-i...
There's also any number of companies that let you do the equivalent via CFD's (Contract For Difference). Be warned: Many of them allow crazy levels of leverage that can wipe you out with tiny little swings.
You're right it's not a given that you'll be able to "just" short whichever share you want, but it's hardly difficult to find a way of betting against a given company.
Zero objection and there is no moral component whatsoever to their question.
EDIT:
I'd like someone to explain the downvoting behavior (of my comment). As multiple of my examples show, the investment can be in alternative energy, for example, when obscene expanses of valuable coastland are being flooded and people are simply 'forced' to act. I don't understand why the question or my defense of it were downvoted.
I hope that it is NOT sarcasm.