In June 2017, President Donald Trump announced his plans to withdraw the US from the Paris Agreement on climate change. It’s one of the world’s most important political treaties. The vast majority of the world’s countries have now ratified this treaty – 195 to be precise.

Trump’s actions have no doubt dealt a major blow to climate activists and heads of state right across the world.  As someone who has published a number of academic papers in the field of climate change, you’d naturally expect me to be delighted about the Paris Agreement – and angry about Trump’s decision to abandon it.

Surely, I’d have followed all the twists and turns of the last minute meeting in which his own staff tried to dissuade him from withdrawing? Certainly, I’d be hugely concerned at this alarming u-turn by the world’s most powerful nation? And of course, I’d be apprehensive about what all this could mean for the new investment opportunities that the agreement has opened up?

Well you’d be wrong. If I’m honest, I hardly care. It won’t make a blind bit of difference to my investments.

That’s for a very good reason. I believe we’re on the cusp of an energy revolution that will throw up huge opportunities for investors regardless of what our political leaders do or say. In this report, I’m going to introduce you to the UK small cap companies you need to watch like a hawk if you want to take advantage.

That’s not to say I’m a “climate sceptic” (a.k.a. a denier of obvious truth). Nor is it because I think the effects of climate change will be minor, or manageable. They won’t – a two degree centigrade rise will see around 130 million people displaced by sea level rise alone, and 4C will see around half a billion people on the move. My indifference to Paris is largely because I’m deeply cynical about grandiose political posturing. All too often, the publicly-stated commitments of major powers come to naught. Targets are ignored, forgotten and missed.

Pledges get bogged down in political horse-trading and foot dragging. Money aimed for noble goals ends up being pared down, diverted and delayed.

So, as an investor, I don’t think you should place too much store by all the political grandstanding and mutual back-slapping. It’s a sign that things may be changing in the political world, but often politicians change little more than the chatter that surrounds them.

Margaret Thatcher is one of my favourite politicians, and she once famously said: “You can’t buck the market.” No matter what politicians want, the cold bare economics of a situation are not something that they can generally overcome. Like King Canute trying to hold back the waves, it’s an exercise doomed to failure. Of course, the wise king wasn’t trying to prove his omnipotence, but rather trying to unmask his flatterers as disingenuous, obsequious fools. I personally think of him as an early Thatcherite, in this regard. I, for one, will not flatter today’s politicians that they can hold back the sea – either literally, or metaphorically.

But does this mean that I think the future will be what climate scientists refer to as “business as usual” – with continuing dependence on fossil fuels? Absolutely not! We’re on the cusp of a revolution. What’s more, it’s one you can profit from – because many of the revolutionary firms are “hidden in plain sight”. Below, I’ll step you through some of the crucial reasoning behind making money in the new energy economy.