Asia is Surging Forward with Green Investments
With green issues such as climate change and carbon emissions gaining prominence everyday, each one of us should make it a concern on how to save planet Earth from all these dangers. That is why most of the companies all over the world has implement their own green strategy not just to save the world but also for energy efficiency and other productive benefits.
In the techworld, we will find I.T. providers embracing green technology as well. Check out the latest notebooks, LCD panels, printers, and other devices most of which contains green components.
Just recently, Environment Programme (UNEP) and Cambridge University Press (CUP) by Edward Barbier, a leading economist and consultant to UNEP’s Global Green New Deal/Green Economy Initiative based at the University of Wyoming in the United States stated that Asia and in particular China and the Republic of Korea are pioneering an economic and employment recovery based in part on significant investments in a Green Economy.
Over a third of China’s stimulus package, equal to three per cent of its GDP, is being spent on high speed rail to boosting its already impressive growth in areas such as wind and solar power and energy efficient lighting.
China is already the leading global producer of solar cells, wind turbines and solar water heaters giving it s renewable energy sector valued at $17 billion which employs close to one million people or 0.1 per cent of the working population.
Meanwhile the Republic of Korea’s (South Korea) green new deal plan is allocating 95 per cent of its fiscal stimulus or three per cent of GDP into environmental sectors including low emission vehicles. Its five-year green-growth investment plan, launched in July 2009, will spend $60 billion to cut carbon dependency with the aim of boosting economic growth to 2020 and generating up to 1.8 million jobs.
This is in contrast to the United States green stimulus, which despite amounting to 12 per cent of the American Recovery and Investment Act, represents only 0.7 per cent of GDP. And the European Union’s green stimulus, whereby 50 per cent of the overall package, represents an investment of just $22.8 billion in low carbon investments or 0.2 per cent of GDP.
China and the Republic of Korea lead the way at three per cent of GDP, followed by Saudi Arabia, 1.7 per cent; Australia, 1.2 per cent and Japan, 0.8 per cent.
This is followed by the United States, with 0.7 per cent of its stimuli being green; Germany, 0.5 per cent; France 0.3 per cent and Canada, South Africa and the United Kingdom, 0.2 per cent.
The book also underlines opportunities that may be missed if well-targeted environmental investments backed by policies such as phasing out fuel subsidies to smart market mechanisms such as feed-in tariffs, are halted or scrapped.
Just remember always, small contributions will result to big gains in the years ahead. Do your own contributions in saving Planet Earth.