ASTANA – Over the last two years the world has seen a serious shift in the thinking of investors who have come to realise the benefits of investing in “green projects” – one of the hottest trends from Europe to the Far East, and all the way to Latin America.
British market expert and founder of a non-profit climate initiative, Sean Kidney, recently spoke in the Kazakh capital, Astana, about the United Kingdom’s overall framework for financing green energy projects.
Kidney said that demand for green bonds grew by 78% in 2017 and that the current investor demand stands at $24 trillion, according to a statement made at a recent United Nations climate summit.
The European Bank for Reconstruction and Development and the World Bank were the first major investors to issue green bonds, which amounted to $1 trillion.
Kidney also added examples of how industries have benefitted from green investments over the past years, including how in the US bonds are issued to invest in the reconstruction of existing buildings to make them ecologically self-sustainable.
“China has also become an ecologically conscious country that supports ‘green investments’ on the political level. Having committed to a complete retirement of gas-fueled transport, China has been actively investing in electric cars and building the necessary infrastructure throughout the country,” Kidney said, while adding that he believes the reasons for such a sharp growth in the interest in “green projects” on the part of the investors stems from the natural desire of people to survive in a dramatically changing environment.
“Any change of climate will cause migration and demographic changes. People from hot countries run to the north. For example, in Finland, immigrants from southern countries will account for almost 50% of the growth of the population. Very soon the impenetrable taiga forests in Russia will be populated by people,” Kidney said, before concluding his speech by declaring, “all infrastructure should become green. The rivers of capital should be flowing into assets and projects that will help make the world how we want it to be in 2050.”