The future is looking bright for green investors, according to a report released. Progressive Investor, a green investment newsletter, says in its report, The State of Green Investing 2009, the green industry is “at the nexus of stimulus support by governments around the world”.
These stimulus packages include President Barack Obama’s American Recovery and Reinvestment Act of 2009. The newsletter says stimulus bills across the world are providing more than $200 billion (£134 billion) in incentives and spending for renewable energy, energy efficient buildings, clean transportation and other green initiatives.
Progressive Investor says green investors are benefiting from holding on through the bad times as green building stocks rise above average market rates. In 2008 many green mutual funds and individual stocks lost up to 80% of their value but investors can now expect their portfolios to rise higher than the overall market as it recovers.
A survey found almost half of investors are now “more likely” or “much more likely” to increase their investment in clean energy than a year ago.
For more details on the report see
http://www.sustainablebusiness.com/index.cfm/go/progressiveinvestor.current.