By Zachary Shahan •
November 20, 2009
Asia is investing hundreds of billions of dollars more than the US in clean technology, according to a new report by two research institutions. In the future, the US may be importing trillions of dollars of needed clean technology (and losing countless jobs to Asia) as a result.
In total, the report showed that China, Japan, and South Korea will invest about $509 billion in clean tech over the next 5 years, whereas the US (with our greenest President in decades, maybe ever) is only expected to invest $172 billion (about 3 times less) — this is assuming the climate and energy legislation in Congress passes.
If the US were to invest the same percentage of its Gross Domestic Product (GDP) as South Korea, it would invest almost $140 billion per year ($700 billion over this five year period)! Compared to China, the anticipated per-GDP investment ratio is 1:4 (US to China).
In 2008, Japan almost matched US R&D spending on energy and achieved almost the same number of international clean energy patents despite having dramatically lower GDP.
The financial investment is not the only thing giving these countries a major advantage in this field, though.
By Zachary Shahan •
November 13, 2009
A new report, The Economics of Ecosystems and Biodiversity (TEEB), attempts to bring to the world’s attention the truly great economic value of ecosystems and biodiversity, as well as the benefits of taking these into account when making policies.
The value of the world’s natural ecosystems and biodiversity is something lacking in most economic analyses. Lack of value for what is truly priceless doesn’t just hurt the environment, however. It is also a sort of economic suicide. This new report, hosted by the United Nations Environment Programme and supported by key EU, UK, German, Swedish, Dutch, and Norwegian bodies, attempts to bring all of this to our attention more and show some positive case studies of how taking the environment into consideration can actually save us money.
As the report says: “the failure of markets to adequately consider the value of ecosystem services is of concern not only to environment, development and climate change ministries but also to finance, economics and business ministries.”
By Zachary Shahan •
November 3, 2009
A couple weeks ago, I wrote about China’s new policy to focus on buying (almost entirely) “China-grown” wind turbines and wind turbine technologies with Chinese patents. That policy wasn’t a big hit internationally and China is back-tracking.
However, is it changing its stance out of international moral pressure or a major financial incentive (recent deal) in the US? And who is to benefit the most from this shift?
By John Ivanko •
October 28, 2009
Life, Money and Illuision is not about the magical arts or wizardry, though it does demystify money and Wall Street’s greedy aspirations abetted by the global push for more growth and consumption (and jobs).
Life, Money and Illuision: Living on Earth as if we want to stay (New Society, 2009) by Mike Nickerson is a driving tome that reconciles how our economy operates in relationship to the ecological and social systems on which we all depend.
In this second revised edition of Life, Money and Illusion, Nickerson explains that “Life” refers to the biological processes by which living things maintain themselves over time. “Money” represents our economic ideology that claims that as long as the volume of money changing hands increases, all will be well. “Illusion” refers to the fact that these two perspectives are directly opposed in terms of how they would solve current problems.
As one might imagine, a book of this stature and ambition — if providing meaningful analysis and argumentation (which it does superbly) — is not a cursory or a casual read. Running 448 pages, Life, Money and Illusion is meticulously fashioned in easy-to-understand language that makes Nickerson’s arguments and ideas both compelling and provocative. It draws from numerous fields, including ecology, psychology, philosophy, mathematics, and, of course, economics.
By Govind Singh •
October 18, 2009
Chaired by President M. Nasheed, the Government of Maldives recently concluded the world’s first ever underwater cabinet meeting. The small island nation of Maldives will perhaps be the first country to go under water, if predictions based on climate change models come true.
The underwater meeting was called to raise this concern and put pressure on the West to act NOW, and for a fair deal at COP in Copenhagen this December. A day after the event, extensively covered by the media (View on: CNN | BBC), the Government of India has announced the setting up of a National institute for long-term research on climate change.
By Zachary Shahan •
October 2, 2009
Clean tech has passed biotech and IT as the top venture capital (VC) investment category in the world. This is after investments in leading clean tech markets increased by 10% in the third quarter of this year.
Cleantech Group released findings on Wednesday showing that the cleantech sector “accumulated $1.59 billion across 134 companies” and this was 10% more than the $1.2 billion it had accumulated in the second quarter.
By Zachary Shahan •
September 25, 2009
A new report released today says that if we shift our economy — to a greener, low-carbon economy — we will have more jobs, not fewer.
Earlier this week, Tony Blair (former prime minister of the UK) and the Climate Group reported that if we worked to avoid climate change we’d create 10 million new jobs by 2020 — worldwide. Another recent study by Greenpeace and the European Renewable Energy Council says that such a shift could increase employment in the EU by 2.7 million jobs by 2030.
One more report, released today by the Global Climate Network (an alliance of nine influential think tanks) comes to similar conclusions.
By Zachary Shahan •
September 22, 2009
Climate Action Will Pay for Itself, and More.
The United Nations (UN) stated earlier this month that the cost of avoiding climate change was at least 1% of global GDP — $500-600 billion dollars. Despite this major cost, Tony Blair, former Prime Minister of the UK, and The Climate Group, presented a report to the UN yesterday saying that a strong climate deal will “boost growth in all major economies & create millions of new jobs.”
