Greener shipping, cleaner fuel, less energy intensive. These are all calling for Impact Funds.
It may pay to invest green, but Israeli green funds are momentarily in the red, reports the Israeli business newspaper, The Marker.
Israeli green mutual funds trading on the Tel Aviv Stock Exchange (TASE) invest primarily in foreign companies. The growth of the shekel, the nosedive of the dollar, plus a decline in the cost of oil have contributed to the crashing of green company stocks.
Altshuler Green Fund, the first green fund on the Israeli scene (founded in 2005) reached a high of NIS 550 million and now manages NIS 390 million in assets. Late last year the company launched the Green Extreme to fund cleantech companies who have not yet proven their feasibility.
Despite the recent weak performance of its green shares, Altshuler reports that many green companies are growing by about 30 percent a year.
Two other Israeli funds to look out for are Apex Green Energy (of Apex Mutual Funds), launched October 2007; and the cleantech division at IBI Investment House.
Says Elad Kook who heads the cleantech division at IBI, “figure we are at the beginning of an awakening to the global warming problem, and are just starting to understand the technologies of the companies in the green energy sector.”
For those with a green investment thumb, he recommends wind energy equipment manufacturers, such as Gamesa and Vestas, and energy demand management companies, such as Comverge, and Camco, which trades in carbon-dioxide emissions quotas.
But don’t stop here, read a Green Prophet interview on Israel green investments
A Green Shekel, Ethical Financial Investment in Israel.
Bjorn Lomborg Lectures Israel on Enviro-Funding
Author: Karin Kloosterman
Karin Kloosterman is an award-winning journalist, innovation strategist, and founder of Green Prophet, one of the Middle East’s pioneering sustainability platforms. She has ranked in the Top 10 of Verizon innovation competitions, participated in NASA-linked challenges, and spoken worldwide on climate, food security, and future resilience. With an IoT technology patent, features in Canada’s National Post, and leadership inside teams building next-generation agricultural and planetary systems — including Mars-farming concepts — Karin operates at the intersection of storytelling, science, and systems change. She doesn’t report on the future – she helps design it. Reach out directly to [email protected]
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