By SustainableBusiness at Matter Network
Private investments in green companies and technologies since 2007 now total more than $2 trillion globally, according to a new report.
Ethical Markets Media says the figure is significant because many studies indicate that investing $1 trillion annually until 2020 will accelerate the Green Transition worldwide to the necessary levels. This updated 2010 finding–noted in the Green Transition Scoreboard (GTS)–puts global renewable energy investing and countries on track to reach the $10 trillion in investments goal by 2020.
The figure represents non-government investments and commitments for all facets of green markets.
“This new total is remarkable in spite of economic uncertainty. It indicates that the global transition away from the 300-year fossil-fueled Industrial Era is accelerating toward the cleaner, greener, information-rich economies of the 21st century,” Hazel Henderson, president of Ethical Markets Media said.
Timothy Nash, M.Sc., Senior Advisor to Ethical Markets Media, adds, “This over $2 trillion total does not include nuclear, ‘clean’ coal or CCS, nor biofuels from food or agricultural sources, which we consider unsustainable.”
The figure also does not include deals under $100 million, which numbered in the thousands, according to Rosalinda Sanquiche, Ethical Markets Media’s Executive Director and editor of the Green Transition Scoreboard report.
Reprinted with permission from Sustainable Business