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NOTEBOOK – ONE GOOD READ: Green finance goes mainstream


Here’s an interesting read from the Wall Street Journal that takes an encouraging look at the prospects for a more sustained interest in green investments, fueled perhaps not so much by altruism but another kind of green — money. “After years of intermittent excitement followed by fizzled expectations, green finance is now looking less like the niche interest of socially conscious investors and more like a sustainable gold rush,” the article said. Much of the reason behind the surge: Banks and investors are betting the transition from fossil fuels is here to stay, and that they can make money by getting behind it, further entrenching the shift. Total investment in renewable-energy projects, electric vehicles and other green efforts exceeded $520 billion last year, a record, according to Bloomberg New Energy Finance, which tracks green investments. Spending was up 12% from a year earlier and nearly 60% from 2015, Bloomberg data shows.

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