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World Economic Forum Analyzes Green Investment

DAVOS-KLOSTERS, SWITZERLAND-The gathering of industry and political figures sees $515 billion as the magic number governments need to invest, annually, into sustainability.

By Debra Hazel | Updated on January 29, 2009

DAVOS-KLOSTERS, SWITZERLAND-Add sustainability to the list of matters discussed by political and business leaders at the World Economic Forum, which announced that $515 billion, as well as government action and regulation is needed annually for “green” investments to avoid a disastrous carbon emissions level.

The announcement came in the report “Green Investing: Towards a Clean Energy Infrastructure” report, which was released at the conference. Written by the Forum, Geneva, and London-based New Energy Finance, the report discusses the move to clean energy infrastructure, the potential return of various technologies and their implementation. But it cannot happen by business means alone, the report added.

“As the cost of clean energy technologies decreases and policy support is put in place, the shape of the eventual energy system is emerging. But the investment demand is substantial,” the report said. “Despite the recent turmoil, the world’s financial markets are up to the financing challenge, but they will need continued action from the world’s policy-makers and leading corporations.”

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