Low carbon technology is now a strong investment option, according to Osmosis Investment Management.
The firm is partnering with Legal & General Investments to launch an investment fund that will tap into the growing market, called the Global Environmental Enterprises Fund.
June Aitken, CEO of Osmosis said: “The fact that Legal & General Investments is committed to a fund that identifies efficient solutions to environmental issues is evidence that this space is no longer niche, but a significant investment opportunity.”
Simon Ellis, Managing Director of L&G explained that the market’s rapid growth was part of its appeal.
He said: “Across the world, companies are delivering growth and value in sectors such as low carbon energy production, energy efficiency, waste management and water use. These dynamic and rapidly growing markets create current annual revenues estimated at over $700 billion, forecast to grow to $2.2 trillion by 2020.”
Mr Ellis added that energy scarcity, pressures on natural resources and the shift to a greener world economy made lower carbon “one of the major investment themes of this decade.”