Wealthy Individuals Supporting Green Investing Initiatives
Capgemeni and Merrill Lynch’s new World Wealth Report finds that green investment activity among High Net Worth Individuals (HNWI) grew substantially in 2007. “In much greater size and proportion than in recent years, investors have been supporting innovative research and development initiatives in search of alternative fuels, renewable energy and other advanced technologies.”
Wind and solar were particularly strong sectors. “In fact, in the three years ending November 2007, gains in the wind segment exceeded 300%, while solar posted the highest growth in 2007, roughly 150%.” Additionally, the solar energy sector saw the greatest IPO activity in any green sector.
By the end of the year, however, the green energy sector was, like virtually every other part of the economy, “burdened by poor overall market conditions.”
Noting that, “Governments across the globe have played an active role in stimulating the growth of green initiatives, paving the way for lucrative market opportunities,” the report concludes that future investment opportunities will likely grow at a rapid pace.
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.