U.S. Investors See 'Golden Age' for Green Investing
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More support from the Obama Administration and Congress on environmental issues, plus strong green elements in the proposed stimulus package and anticipated regulatory changes are making U.S. investors bullish on green investment, reports GreenBiz.com.
Citing research from the asset management firm Allianz Global Investments, GreenBiz says American investors are optimistic in green investments not only because of expected broad changes in Washington policy, but because they view companies that seek to address environmental issues as strong investment opportunities, as well.
"The need for pollution control, clean water and energy efficiency is not going away," Brian Gaffney, managing director and CEO of Allianz Global Investors Distributors, said in a statement. "Investors perceive there is real opportunity here and they want to capitalize on it."
Among key findings of the survey:
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- 78% of investors believe the Obama Administration will produce in its first year more policy changes that favor investment in environmental firms than the Bush Administration did in eight years.
- 74% say Congress will provide stronger support for polices that favor investment in environmental technology.
- 97% say continuing to explore alternative fuel sources remains important, even with lower gas prices.
- 78% think that environmental technology can be the "next big American industry."