by Tracey de Morsella
Last week, Ethical Markets Media and The Climate Prosperity Alliance launched their Global Climate Prosperity Scoreboard, which tracks private investment in companies growing the green economy globally. This new, never before reported number, showing $1,248,740,645,993.00 (over $1.248 trillion) in total investment since 2007, indicates how investors and entrepreneurs are leading governments in promoting sustainable growth. The Scoreboard indicates which investments have been publicly announced and committed by major companies for 2010 and beyond. The scoreboard totals investments in solar, wind, geothermal, ocean/hydro, energy efficiency and storage, and agriculture. The $1.248 trillion of investments are not only from North America and Europe, but also from China, India, Brazil and other developing countries.
“Private capital investment is now leading globally in promoting technological innovation and resource efficiency that will accelerate environmentally and socially sustainable industrial growth and economic development throughout the world,” said Dr. Marc A. Weiss, Chairman and CEO of Global Urban Development and Chair of the Climate Prosperity Alliance.
The Climate Prosperity Alliance uses the Climate Solutions 2 computer model of Australia’s Climate Risk Pty., showing how $1 trillion invested every year for the next 10 years can assure the global transition to sustainable prosperity and job growth. This $10 trillion is less than the bailouts of failed banks in the USA and Europe and less than 10% of the world’s pension and institutional funds of $120 trillion. Institutional fund managers can shift 10% of their assets away from hedge funds, risky derivatives and commodity speculation to real investments in a greener global economy, thereby assuring their beneficiaries a healthier future.
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