“I believe environmental innovation will be one of the key growth drivers for the economy in the coming decades, similar to how information technology has been since the 1980s,” says Anna Davydova, portfolio manager of the new Fidelity Select Environment and Alternative Energy Portfolio. “Billions of people in the developing world are aspiring to achieve the developed countries' standard of living, including modern homes, automobiles, infrastructure, and a better diet,” says Davydova. “As a result, demand for the world's supply of energy, water, and other resources has been growing rapidly.” She believes these factors will drive global demand for a more diverse mix of energy resources–both traditional and alternative–as well as increased focus on energy independence and pollution control.In other words, Fidelity wants us to think of dealing with an increasing number of people not only as a problem, but also as an opportunity--do good for the planet and make some money at the same time. It is hard to argue with that.
This blog is intended to go along with Population: An Introduction to Concepts and Issues, by John R. Weeks, published by Wadsworth Cengage Learning. The latest edition is the 11th (which came out in December 2010), but this blog is meant to complement any edition of the book by showing the way in which demographic issues are regularly in the news.
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Friday, August 6, 2010
Fidelity Investments is Bullish on the Environment
Fidelity Investments--one of the largest investment companies in the world--is encouraging people to think positively about investing in companies that are oriented toward improving the environment: