Ireland launches global green asset network
Published in Renewable Energy News Europe & Americas
March 21, 2012
Ireland has launched the Global Green Asset Management Network to help the country take a global lead in the $260bn low-carbon sector.
The opening at the New York Stock Exchange comes as Ireland’s renewables asset management doubled in the last year and tripled in the past four.
Today the country manages or services more than $10bn in green assets.
Green Asset Management refers to capital markets, investment banking activities and related advisory services supporting the development, finance and promotion of a low-carbon economy.
It includes funding renewable generation, energy efficiency measures, trading and management of carbon and cleantech/sustainable funds.
The sector is predicted to grow fourfold to over $1000bn by 2020.
Irish Prime Minister Enda Kenny said: “Ireland is already emerging as a world leader in green finance. The establishment of this network can only serve to accelerate the continued growth and copper-fasten Ireland’s growing reputation in this sector.”
The first US meeting of the Green IFSC’s GGAMN will take place in New York this May with the Irish Consulate to discuss with green asset managers why Ireland may offer the ideal location and services for their businesses.
Picture: L-R: Padraig Rushe, Bank of Ireland, Andy O”Callaghan, Partner PWC, Taoiseach Enda Kenny, Adrian Crawford, KPMG and Gary McSharry, Arthur Cox, courtesy Green IFSC