by Rebecca Walker — February 4, 2009—Heightened support from the Obama Administration and the new Congress on environmental issues, strong green elements in the proposed stimulus and anticipated regulatory changes are fueling optimism for green investment, according to Allianz Global Investors.
That’s the assessment of results from the latest survey of American investors for the asset management firm, which says Amercians see a “golden age” coming for green investing.
In addition to expecting broad policy change from the federal government, investors are increasingly perceiving firms that seek to address environmental issues as strong investment opportunities, the company said.
The survey found:
- 78 percent of investors believe that the Obama Administration in its first year will produce more policy promoting business investment in the environment than the Bush Administration produced during its entire tenure
- 74 percent believe that the new Congress will more strongly support policy promoting business investment in environmental technology
- 97 percent believe that exploring alternative fuel sources remains important despite declining gas prices
The survey also found that 52 percent believe the Dow Jones Industrial Average will be higher a year from now than it is today. And 58 percent of the respondents said they think Europe is ahead of the US in trying to tackle the problems an aspect that could spur investors’ interests in American firms engaged in environmental issues.
The survey polled 1,264 adults from December 12 to 19, 2008.
