The new green deal is starting in Asia.
Environmental and green investments account for 20 percent of governments’ economic stimulus spending in Asia but not in EU or the US…
Asia could become the biggest market for renewable projects by 2012, as investments in green technologies increase following governments’ stimulus spending to improve economy.
As governments spend their way out of the financial crisis, part of that cash is being used as incentives for green projects mobilizing increased private investment and creating the new green deal from the ground up.
Today the biggest market for renewable energy is the Americas and Europe, but with Asian governments earmarking 20 percent of stimulus spending to green-related investments , according to HSBC, the Asian market will overtake that position before 2010.
Investments are especially growing in wind turbines and solar cells.
South Korea is one of the most ambitious countries in the world, earmarking 81 percent of its stimulus plan for green products. According to The Guardian, the UK is very far from that level, with its 7 percent earmarked for green investments.
China has the most production of solar cells in the world by a factor of ten…
Yours,
PS: Chancellor Darling disappointed with the no Green investment budget he unveiled yesterday. He forgot that the day yesterday was earth day and let us down again in the drain with the bankers.
The rise of the green Asia is a bonus. This is the message according The Times of India , and Asia Green Capital, a renewable energy and commodity-focused investment management firm.
