Green investment will stimulate economies

10/24/2008 5:12:01 PM

Governments should invest more heavily in technology that will help curb carbon emissions in a bid to minimise the impacts of climate change and stimulate their economies, according to Deutsche Bank.

The bank's asset management branch has published a research paper calling for governments to use investment in sustainable technologies to trigger growth in their economies.

Instead of backing away from combating carbon emissions as financial difficulties continue, countries should invest in their 'green' infrastructure to avoid a severe recession, the bank claims.

Mark Fulton, Deutsche Asset Management's global head of climate change investment research, said: "The current crisis is making the necessity of tackling climate change an opportunity to stimulate growth through investment opportunities."

He added: "Encouraging investment in renewable energy is a key focus. Energy efficiency technologies are obviously highly desirable in economies facing recession. Infrastructure stimulus can be tied directly to climate-sensitive sectors such as power grids, water, buildings, and public transport, which present a vast field for the creation of new technologies and jobs."

Earlier this week prime minister Gordon Brown said that the UK would remain committed to carbon emissions and renewable targets.

He told the British Wind Energy Agency that continuing with the environmental commitments would create 160,000 jobs and a market for renwables worth £100 billion.

http://www.dbadvisors.com/deam/dyn/globalResearch/1113_in...
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Discussion Replies
Gov't researcher wrote: Use the U.S. and Florida in particular as examples of what not to do. The U.S. imports over $350 billion per year of fuel and energy, creating huge trade deficits, exporting its economic capital, burning it up and forever poorer for the process. Florida alone imports over $50 billion per year in fuel and energy, exporting its economic capital, and forever poorer for it. Investing in energy efficiency and alternative energy keeps the money in the local economy, provides investment and jobs, reduces export of economic capital, has major positive multiplying effects on the local economy.

Discussion Replies

Gov't researcher wrote:
Use the U.S. and Florida in particular as examples of what not to do. The U.S. imports over $350 billion per year of fuel and energy, creating huge trade deficits, exporting its economic capital, burning it up and forever poorer for the process. Florida alone imports over $50 billion per year in fuel and energy, exporting its economic capital, and forever poorer for it. Investing in energy efficiency and alternative energy keeps the money in the local economy, provides investment and jobs, reduces export of economic capital, has major positive multiplying effects on the local economy.