Project to Support China’s Green Entrepreneurs Launched

The World Resources Institute (WRI) will launch a project in China aimed at accelerating investments in the country’s sustainable business enterprises, especially in Renewable Energy, organic agriculture and clean technology…

Washington, D.C. – October 10, 2002 [SolarAccess.com] The World Resources Institute (WRI) will launch a project in China aimed at accelerating investments in the country’s sustainable business enterprises, especially in Renewable Energy, organic agriculture and clean technology. “Growth in production that is both profitable and clean is a necessity for China,” said Jonathan Lash, president, WRI. “Through WRI’s New Ventures project, we hope to connect capital to outstanding investment opportunities that will generate social and environmental benefits.” From 1976 to 2000, China’s economy sustained an average annual growth rate of over 10 percent, creating a much wealthier country of 1.3 billion people. Its growth, however, has relied heavily on material and energy-intensive production processes which have depleted the country’s natural resources and increased environmental pollution. The project in China is the first time that the New Ventures investment model is being implemented in Asia. WRI started the New Ventures project in Latin America three years ago. It facilitated the transfer of US$4.4 million for seven projects, with an additional US$3.25 million currently under negotiation. “As one of the world’s most attractive investment destinations, we want to help China’s sustainable business entrepreneurs to find the investments they need,” said Luiz Ros, project director of WRI’s New Ventures. “Economic prosperity should not necessarily mean environmental degradation – in fact, investing in sustainable enterprises makes good business sense.” After the launch, New Ventures will accept business plans in the three sustainable enterprise sectors. Those selected will be awarded with professional consulting services and the opportunity to present their enterprises to investors at the New Ventures Forum in China next year. Access: http://www.wri.org/wri
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