{"id":22066,"date":"2018-10-01T14:34:00","date_gmt":"2018-10-01T18:34:00","guid":{"rendered":"https:\/\/test.greenmoney.com\/2025\/?p=22066"},"modified":"2018-11-05T12:46:30","modified_gmt":"2018-11-05T17:46:30","slug":"the-future-of-clean-energy","status":"publish","type":"post","link":"https:\/\/test.greenmoney.com\/2025\/the-future-of-clean-energy\/","title":{"rendered":"The Future of \u201cClean\u201d Energy"},"content":{"rendered":"
>> Back to October 2018<\/a><\/div>\n

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\"\"A recent article in Bloomberg New Energy Finance<\/em> predicts that two-thirds of the world\u2019s power will be generated by renewable resources by the year 2050. This projection is based on the continuing growth of new renewable power generation projects, primarily wind and solar, over the next thirty-plus years. Conditions have certainly changed since New Alternatives Fund entered the investment world in September 1982.<\/p>\n

When New Alternatives began operation as the first mutual fund concentrating on what was generally called \u201calternative energy,\u201d the sector was seen as a niche area. Socially responsible investing was still a relatively young concept. Investment professionals were still skeptical about the idea that principles, human values, the environment and other non-financial metrics factor in their business decisions. There were concerns about \u201cenergy security\u201d growing out of the economic disruption caused by the OPEC oil boycott in 1973. In addition, there was a growing consensus that damage to the environment could have a negative effect on the general health of populations and economic growth.<\/p>\n

The publication of Rachel Carson\u2019s Silent Spring <\/em>in 1962, which raised awareness of the damage that widespread pesticide use was causing, created a wider concern about water and air pollution. This sensibility eventually led the U.S. Congress to pass the Clean Air Act in 1963 and the Clean Water Act in 1972, mandating controls on waste materials that were being generated by mining, manufacturing and power generation and dumped in waterways and in the air. These laws also put limits on the amount of dangerous emissions from cars and other transportation. The Environmental Protection Agency (EPA), created under President Nixon in 1970, oversaw the enforcement of most of these regulations. But the broader concept of an emerging challenge of \u201cclimate change\u201d was not generally part of the public consciousness as yet.<\/p>\n

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