Archive for November 21st, 2011
David Suntin of Trending Today.
According to a few different reports, consumer spending has risen slightly and unemployment rates remain at a steady 9.1 percent. However, there has been a pretty consistently downward trend in regards to the state of the current U.S. Economy. Aside from some of our government’s more recent budget plans, there are many different ways in which we can advance forward through this financial crisis, starting with sustainability.
Folks like Dan Zwirn and Darrell M. West look toward clean technologies. In their report on sovereign wealth funds, they claim that the rebuilding of the American economy is reliant on a few different things, including that of the incorporation of green banks. However, Mr. Dan Zwirn goes on to say that the problem with financial investment, particularly in that of green banks, is lack of funding.
They’re proposed solution is foreign capital from GPIs (Global Public Investors) as the main stimulant for keeping these in play, aside from the obvious role the government would have in providing financial reinforcement.
Inherently true as well is the fact that more green jobs would emerge. Green Banks are very insistent upon hiring certified sustainable professionals in various fields of clean and alternative energies, along with infrastructure. For instance, many of their loan officers are LEED certified.
Green banks are typically focused on long-term growth prospects, including that of clean tech investment. This could include anything from wind farms to bio fuels. There are many financial institutions set up already that tend to facility needs in regards to energy efficiency. In one particular piece published by the Guardian, the author states that their government backed GIB (Green Investment Bank) might just be “the turning point in the UK…” Yet, there was still an issue of funds, and when exactly the bank could start borrowing.
Nevertheless, it’s still a very practical option for enhancing and hopefully creating some viability in a plan to pull the economy out of this hole that it’s currently in. By
promoting investment in green banks, we’re also supporting the incorporation of all things green, including that of jobs, alternative energies, deforestation, conservation,
infrastructure, and more.