Wednesday, March 23, 2011

Global Transition to a Resource-Efficient and Green Economy

With the once leader in innovation and expansion, the U.S., still moving at a snails pace, lets do lunch, with articles, conventions and business meetings, allot of talking, while to little of that wealth is being invested. Businesses are gobbled up with billions now not millions.

Global Market for Green Technologies to Grow to Approximately $800 Billion by 2012

Mar 23, 2011 - All over the world, access to clean technology remains the focus for the global transition to a resource-efficient and green economy. In 2009, global investments in renewable energy power generation (US$140.00 billion) far exceeded that of fossil-fuelled power generation (US$110.00 billion).

New analysis from Frost & Sullivan, Benchmarking Country Initiatives on Environment in Asia Pacific, finds that the global market value of traditional environmental goods and services, renewable energy and emerging low-carbon activities was estimated at US$7,770.00 billion in 2007-2008, with a growth potential of 45.0 percent by 2015.

With the rise in energy costs and escalating threat of global warming, many businesses are recognising that the use of green technology will help them reduce their carbon footprints and minimise waste.

"The number of green energy and climate-friendly projects is increasing rapidly in both the public and private sectors in the Asia Pacific," says Frost & Sullivan Consultant Chukiat Wongtaveerat. "Moreover, high-initiative countries have allocated substantial funds for green investment themes, which include boosting green infrastructure, using low-carbon and renewable power, ensuring energy efficiency, as well as controlling water usage and waste generation." {continued}

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