Bloomberg: Investing in climate change used to mean financing the fight against global warming. Morgan Stanley, Goldman Sachs Group Inc., and other firms took stakes in wind farms and tidal-energy projects, and set up carbon-trading desks. Then, as efforts to curb greenhouse-gas emissions faltered, the appeal of clean tech dimmed: Venture capital and private- equity investments fell 34 percent last year, to $5.8 billion, according to Bloomberg New Energy Finance. Now the smart money is taking another approach:...
URL: http://www.investmentnews.com/article/20130310/FREE/130319997
Enclosure: http://www.investmentnews.com/storyimage/CI/20130310/FREE/130319997/AR/0/Investors-hot-for-global-warming-bets.jpg&maxw=220&maxh=220&q=95
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