Well
, to make the job easy for those who are in a state of unconditional rumination against the fact that there’s money to be earned in the whole greening process, the world is already making billions out of it. First of all, a look at the most ancient tool of investment in global warming – carbon credits (see National Finance story ‘If you have it, flaunt it’ for description) – shows that the value of the carbon credit market reached a jaw-dropping $21.5 billion for the first three quarters of 2006 (till October), dwarfing $11.5 billion for the whole of the previous year. Funds fl owing into carbon funds have also shown a considerable appreciation. According to New Carbon Finance, the amount of money fl owing into carbon funds has reached a towering $11.8 billion (cumulative) by the end of the first quarter of 2007. Secondly, even the growth of investments over the past decade or so done in the name of ‘social responsibility’ is quite promising.
For Complete IIPM Article, Click on IIPM Article
, to make the job easy for those who are in a state of unconditional rumination against the fact that there’s money to be earned in the whole greening process, the world is already making billions out of it. First of all, a look at the most ancient tool of investment in global warming – carbon credits (see National Finance story ‘If you have it, flaunt it’ for description) – shows that the value of the carbon credit market reached a jaw-dropping $21.5 billion for the first three quarters of 2006 (till October), dwarfing $11.5 billion for the whole of the previous year. Funds fl owing into carbon funds have also shown a considerable appreciation. According to New Carbon Finance, the amount of money fl owing into carbon funds has reached a towering $11.8 billion (cumulative) by the end of the first quarter of 2007. Secondly, even the growth of investments over the past decade or so done in the name of ‘social responsibility’ is quite promising.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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