Many financial institutions are preparing to invest in a variety of green initiatives.
Many equity firms, banks and pension funds are getting ready to invest in a myriad of initiatives such as sustainable development and biodiversity conservation. The Vice President of sustainable development at the World Bank elaborates on how across a variety industries, many in class companies understand how future profitability is linked to sustainable development and safeguarding the environment. Much of the leadership in regards to biological diversity was coming from many middle income families. Fossil carbon would ultimately be generated at some point. Vice President Kyte pinpoints that companies which are exposed to carbon emissions are not considered to be competitive. There are now many financial institutions which demonstrate concern for the environment.
The main reason why the World Bank increased investments was because of the success of India. The success of India was used as a guide to the rest of the world. The World Bank currently has an investment of approximately $23 billion dollars which also includes $23 million dollars in a variety of biodiversity projects.¬† The bank is distributing money to nearly 76 projects which are expected to be completed in a time frame of 5 years. Nearly 70 percent of the projects that the World Bank undertakes include sustainable development.
The urban population was starting to grow at a rapid pace which emphasized the need for investments in the urban infrastructure and expanding social safety measures for many poor individuals. Vice President Kyte finally pinpoints the global slowdown as the World Bank was cautious in managing many of the resources as the banks income was not as much as it was for the past year. It is positive news that many financial companies are deciding to invest in a myriad of green initiatives.
Many sustainable development projects will benefit from the newly allocated capital.