Creative, Market-Based Solutions that Benefit the Environment

Cogentrix, a Goldman Sachs subsidiary is developing and building a new generation of clean, renewable energy projects worldwide, including solar power in the California/Nevada desert.  

 

Investment
One of the ways Goldman Sachs is promoting market based solutions to environmental issues such as climate change is by committing capital and helping to scale up clean technologies. Goldman Sachs committed up to $1 billion for investments in renewable energy and energy efficiency projects. By the end of 2008, we surpassed that goal and invested over $2.5 billion in clean technology projects around the world. Read More.



Carbon Markets
Goldman Sachs is also active in the markets for carbon emissions and Renewable Energy Credits, among other climate related commodities. In Europe, we have been market-makers in the EU ETS since its inception in 2005 and in North America, we established a carbon team in 2007. Our role in originating projects, purchasing forward credit streams and marketing various carbon credit products provides a means for our clients to better manage their carbon risk and facilitates the emerging carbon markets. Read More.



Thought Leadership
In addition, Goldman Sachs Center for Environmental Markets partners with corporations, non-government organizations, and academic institutions to examine and promote market-based solutions to environmental challenges. Read More.

In collaboration with the Center for Environmental Markets, World Resources Institute, a leading Washington D.C. based environmental think-tank, recently authored a report: Juice from Concentrate - Reducing Emissions with Concentrating Solar Thermal [PDF 12 MB]

Read the 2008 Goldman Sachs Environment Report