According to a new report by The Green Transition Scoreboard, private investments in green markets now total more than $2 trillion. This update is significant because many studies indicate that investing $1 trillion annually until 2020 will accelerate the Green Transition worldwide. The updated 2010 finding of $2,005,048,785,088 puts global investors and countries on track to reach the $10 trillion in investments goal by 2020, according to the CSRwire.com press release.
The Green Transition Scoreboard® (GTS) is a time-based, global tracking of the private financial system for all sectors investing in green markets and the update covers 2007 – 2010. GTS is an ongoing research program with new reports published every six months.
The Green Transition Scoreboard® tracks five sectors:
- Renewable Energy (private technology development, equipment manufacturing, project finance and M&A activity).
- Efficiency and Green Construction (new building construction and existing building retrofits).
- Cleantech (broad sector and includes agriculture; air and environment; energy efficiency, infrastructure and storage; materials; recycling and waste; transportation; and water/wastewater).
- Smart Grid (includes companies actually putting smart grids in place, building the infrastructure rather than designing the technology).
- Corporate Research and Development (R&D) ( research and development in green transition technologies).
The Green Transition Scoreboard® ommits:
- Government funded projects and initiatives
- Nuclear energy
- Coal Carbon Sequestration (CCS)
- Green Investments under a specific dollar threshold (for accounting and data collection purposes)
For more information regarding sectors and omissions, the full report is available at www.greentransitionscoreboard.com.
I look forward to the next report to see how much closer green investments come to the 2020 goal.
Image Credit: PNNL – Pacific Northwest National Laboratory via Flickr under CC license.