To continue the stream of business news related to tackling Global Warming (Wal-Mart and Kohl’s solar; MSNBC Europe’s 50 low-carbon companies, News Corporation’s climate change strategy), a key player in the financial services world has made a commitment of $50 billion targeted toward tackling Climate Change. Citi plans to build on $10 billion it has already invested in climate change related investing.
Citi plans to focus this money
to address global climate change through investments, financings and related activities to support the commercialization and growth of alternative energy and clean technology among the clients and markets it serves, as well as within its own businesses and operations.
This is, of course, just one (LARGE) financial institution. But, they seem to believe that there is a financial future in investing to help the world do the right thing.