26 May '12, 3am

Goldman Sachs' $40 Billion Clean Energy Investment: Sustainable Finance ... - Justmeans

Goldman Sachs' $40 Billion Clean Energy Investment: Sustainable Finance ... - Justmeans

A ten-year financial commitment to green energy is a good thing. So why all the cynicism? At its annual shareholder meeting Thursday in Jersey City, New Jersey, Wall Street behemoth Goldman Sachs announced that it plans to invest $40 billion into global renewable energy projects over the next decade. "This is another emerging opportunity we think will be quite large," said Stuart Bernstein, head of Goldman's clean technology and renewables investment banking group.[1] The commitment follows Goldman's financing of $4.8 billion and co-investing of over $500 million in green energy in 2011.[2] HOW MUCH IS $40 BILLION? Let's put the amount into context. $40 billion is bigger than the GDP of Ghana, Libya, Kenya, Bahrain, Bolivia, Estonia, Iceland—and over 100 other nations.[3] It's only $5.5 billion shy of China's clean energy investment last year.[4] But a better comparison wo...

Full article: http://www.justmeans.com/Goldman-Sachs-40-Billion-Clean-E...

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