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Climate Scoreboard: Private Investors Lead Government in Green Growth

According to the Climate Prosperity Alliance’s newly-launched Global Climate Prosperity Scoreboard, governments have a ways to go if they want to catch up with private sector investment in green technology and efficiency innovations.

From Ethical Markets:

Washington, DC – December 4, 2009 – Ethical Markets Media (USA and Brazil) and The Climate Prosperity Alliance today launched their Global Climate Prosperity Scoreboard® which tracks private investment in companies growing the green economy globally. This new, never before reported number, showing $1,248,740,645,993.00 (over $1.248 trillion) in total investment since 2007, indicates how investors and entrepreneurs are leading governments in promoting sustainable growth. The scoreboard totals investments in solar, wind, geothermal, ocean/hydro, energy efficiency and storage, and agriculture. We purposefully omitted nuclear, “clean coal,” carbon capture and sequestration, and biofuels. We indicate which investments have been publicly announced and committed by major companies for 2010 and beyond.

Dr. Marc A. Weiss, Chairman and CEO of Global Urban Development and Chair of the Climate Prosperity Alliance, said, “This $1.248 trillion of investments are not only from North America and Europe, but also from China, India, Brazil and other developing countries. They indicate that the private sector currently is ahead of governments in understanding that during the 21st century, people, places, and organizations can only get richer by becoming greener and only earn more money by using fewer resources and reusing more. Private capital investment is now leading globally in promoting technological innovation and resource efficiency that will accelerate environmentally and socially sustainable industrial growth and economic development throughout the world.”

Dr. Hazel Henderson, futurist, author of Ethical Markets: Growing the Green Economy (Chelsea Green, 2006) and president of Ethical Markets Media, serves as vice-chair of the Climate Prosperity Alliance together with vice-chairs C.S. Kiang (China), Rodrigo Loures (Brazil), Lawrence Bloom (UK) and James Nixon (USA). Dr. Henderson said, “Ethical Markets Media’s mission is reforming markets and growing the green economy globally. Our Global Climate Prosperity Scoreboard® will be updated regularly to show progress toward the ecologically sustainable economies that are vital to our common future. Societies are transitioning from the 300-year old, polluting, fossil-fueled Industrial Era to the advanced technologies of the information-rich Solar Age.”

The Climate Prosperity Alliance, a volunteer, global network of financiers, businesses, economic development authorities, scientists and NGOs is based on earth systems science, showing the widespread evidence of destruction caused by the now-obsolete technologies of the combustion-based Industrial Revolution and its extraction and exploitation of the Earth’s capital: oil, coal, gas, minerals, forests, water, land and biodiversity. Human societies are now gradually re-industrializing our economies using the Earth’s income – the renewable energies of sun, wind, ocean/hydro, geothermal and non-agricultural biomass – based on human capital: new knowledge of planetary processes and ecosystems, designing our economies with Nature.

Download a PDF of the Global Climate Prosperity Scoreboard.

Read the whole article here.

 

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