Fehr then conducted an
analysis to assess which of seven asset classes — international equities, U.S. equities, Canadian equities, bonds, currencies, commodities or
cash — are receiving the most positive
cash flows on a
global basis.
[WWF have claimed that the long - term costs could be offset by energy savings in all areas, but this appears to be based largely on wishful thinking and, at any rate, no discounted
cash flow analysis was made to include the investment cost, nor was any estimate provided for the amount of
global warming that would be averted.]