Investors believe in green energy, COP 15
Release Date: 2009-03-09
Despite economic and financial turmoil, a vast majority of institutional investors are likely to invest more money in clean energy, a new survey shows.
Three quarters of leading institutional investors expect to have more money invested in clean energy by 2012 than they do today, and half of them are either “more likely” or “much more likely” to increase their exposure to clean energy than they were just a year ago.
These are among the conclusions in a survey from New Energy Finance and Deutsche Bank's Climate Change Advisors of more than a hundred institutional managers and owners, in total representing more than $1 trillion of invested assets. The survey was presented Wednesday at a conference in London hosted by New Energy Finance.
The most popular ways of increasing exposure between now and 2012 are likely to be through direct investment in renewable energy projects such as wind farms and solar parks; through investment in quoted clean energy shares; and through investments in carbon projects, credits and related companies, it says in a press release from Deutsche Bank.
According to Reuters, investors told the London conference that expected measures to fight climate change would help lift the low-carbon sector out of recession before others.
"We can say with some confidence that when project finance comes back it will come back first for low-carbon energy projects," said John Browne, managing director of the US-based private equity firm Riverstone and former chief executive of the oil firm BP.
| Type: | NORMAL |
| Company: | COP 15 |
| Country: | Denmark |
| Url: | http://en.cop15.dk/news/view+news?newsid=836 |