Goldman Sachs to invest $40bn in clean energy

Goldman Sachs (NYSE:à‚ GS) plans to invest $40 billion in solar, wind, hydro, and biofuels and other clean energy sources over the next decade.

The bank’s executives believe that demand for alternative energy sources will grow with global energy demand, and as big manufacturing countries, such as the BRIC nations, set more aggressive targets for reducing emissions, reports Reuters.

Goldman Sachs

Goldman has also pledged to reduce its own net carbon emissions to zero by 2020.

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