Green Investors Confident Despite Financial Storm
This entry was posted on Wednesday, November 5th, 2008 and is filed under Green Energy, Industry News.
Tags: IPPBC
GLOBE-Net
October 31, 2008
A report published in October by Deutsche Bank’s Asset Management division argues that despite the current market downturn, the accelerating pace of global warming will force governments to invest more heavily in climate change technologies. “Unlike the initial outbursts of interest in climate change from 1990 through 1992, which faded in the face of a financial crisis and recession, we believe that climate change investing in the early 21st century, based upon solid science, is poised to make a very different impact as governments look for ways to stabilize economies and promote energy security,” writes Deutsche Bank. But it won’t be smooth sailing for everyone. According to The Globe and Mail, many analysts expect a wholesale consolidation in the renewable energy sector as weaker firms drop by the wayside and stronger ones take advantage of strong balance sheets to make acquisitions. Overall, the renewable energy sector may not be as adversely affected by the worldwide credit crunch. The industry has strong support from venture capitalists looking for financial gains and consumers who want an environmentally-friendly planet.
