There are a million ways to make a buck these days and no one ever suggested that cashing in on real life disasters wasn’t fair game, as long as the bigger goal was to help rather than profit. But making money off climate change? Somehow that sounds very wrong.
Financial institutions, Morgan Stanley, Goldman Sachs and others, have long put money into businesses like wind farms, renewable energy, smart grids and carbon trading. So-called “green finance” is available in every community, for things like car loans and home equity loans targeted towards more efficient cars and energy friendly retrofits. In New York, there’s even a new green homeowners insurance policy offered by, of all folks, the Fireman’s Fund.
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