By Murray Rosenblith, co-Manager, New Alternatives Fund
A recent article in Bloomberg New Energy Finance predicts that two-thirds of the world’s power will be generated by renewable resources by the year 2050. This projection is based on the continuing growth of new renewable power generation projects, primarily wind and solar, over the next thirty-plus years. Conditions have certainly changed since New Alternatives Fund entered the investment world in September 1982.
Reprinted from Institutional Investor. Michael Molitor is a Senior Fellow with the Ray C. Anderson Foundation
Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, with $860 billion under management, has missed out on $1.9 billion in additional profits as a result of its decision to divest all of its tobacco holdings in 2010. The story that reported this fact, which ran in the Financial Times , goes on to suggest that fund managers should reconsider their investments in tobacco companies, as the sector is generating impressive returns, well above many key performance benchmarks.
A critical mass of impact organizations celebrate significant anniversaries in 2012.
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A critical mass of mission-oriented organizations are all celebrating significant anniversaries in 2012. Some of the names are recognizable far beyond the world of impact, but all share a belief that business can be an agent for positive change.