Green investing sees global growth in 2007
Greenbiz.com posted an article recently about a “robust” growth in green investing in 2007, caused by a rise in overall participation in green initiatives.
The 2008 World Wealth Report, released by Capgemini and Merrill Lynch, looked at the drivers and inhibitors of wealth generation and how they influence individuals with at least $1 million in financial assets.
Among the findings, investors are supporting innovative research and development initiatives in the areas of alternative fuels and renewable energy in greater numbers. For example, total investment in the clean technology sector increased to $117 billion U.S. in 2007, up 41 per cent from 2005.
The report concludes that the unilateral pursuit of economic progress, with sustainable development as an underlying commitment, will be driven by more consciously aligning investment choices with values such as concern for the environment.
Visit Greenbiz.com for more on this story and to read the full report.
EcoLogo has a category certifying renewable electricity investment. To receive EcoLogo certification, renewable electricity investment funds must be unincorporated, open-ended trusts that invest exclusively in renewable electricity generation facilities and have a portfolio where, on an annual average basis, 60 percent of renewable energy generation facilities and 50 percent of the total name plate capacity are certified under the Ecologo criteria for “Renewable Low-impact Electricity.” Click here to review the full criteria.
Source: www.terrachoice.com