Scott Patterson and Amrith Ramkumar of The Wall Street Journal report on the global growth of green finance.
- Investments into funds focused partly on the environment reached almost $2 trillion globally last quarter, more than tripling in three years.
- Last year total investments into green tech exceeded $520 billion which was a new record.
- Free markets and investors are creating the pathways needed to advance environmentally friendly technologies.
- While the government certainly has a role to play in the energy transition, it is the private sector that should lead the way.
“After years of intermittent excitement followed by fizzled expectations, green finance is now looking less like the niche interest of socially conscious investors and more like a sustainable gold rush. Driven by surging valuations for electric-vehicle companies such as Tesla Inc. and startup battery producers, banks and investors are betting the transition from fossil fuels is here to stay, and that they can make money by getting behind it, further entrenching the shift.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
