The new colour of money: Eco-magine all the people

While banks look to clean up in green finance, they face one competitor that could trump them all – General Electric.

The new colour of money
Environmentalists at the gates
Caring, not sharing

GE, through its GE Energy Financial Services (EFS) division, is in a unique position to benefit from the new climate in alternatives investment. Renewables is the fastest-growing segment of its energy investments. Of a total $14 billion invested in energy, to date $2 billion is in alternatives. Kevin Walsh, head of EFS’s renewable energy investing team, says that number will at least double by 2010.

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