Energy is an indispensable asset. After food, water, medicines and shelter, energy has become a necessity of modern life, and access to it enables economic development.
Despite the benefits, current energy consumption patterns have a profoundly negative environmental impact. Concerns have been expressed for many years about the local impact of fossil fuel production and the air pollution caused by high levels of energy consumption, especially in densely populated areas. Over the last 20 years, evidence of a much more complex, all-encompassing environmental impact of our energy consumption has become apparent: climate change. Increasing evidence – be it scientific or unusually extreme weather conditions – has served as a wake-up call and led to demands for a drastic change in our energy production and consumption. What is required is a transition from our current carbon-based energy system to a society powered by renewable energy sources.
Renewable energy is the way forward. Wind and solar energy, hydropower, geothermal power and energy from biomass are the modern alternatives to oil, natural gas and coal: no more polluting and damaging extraction methods or emissions of substances that pollute the environment and cause global warming. The alternative is clean, endless sources of energy that do no harm to the environment.
Triodos SICAV II - Triodos Renewables Europe Fund, established in 2006 as a sub-fund of Triodos SICAV II, is designed to offer investors the opportunity to actively contribute to the growth of renewable energy production in Europe. It invests in relatively small-scale European producers of green power, such as wind farms, solar energy power plants and hydropower facilities.
Triodos Renewables Europe Fund is an initiative of Triodos Bank N.V. Long before climate change gained mass media attention, Triodos Bank already looked at energy production and consumption and its impact on people and planet earth. It has been an active investor in and financier of clean energy initiatives in Europe and developing countries for more than 25 years. Triodos Renewables Europe Fund acknowledges that although renewable energy is the way forward, reducing energy demand and increasing the efficiency of the energy generation from fossil fuels are of equal importance in the next few decades.