China tops Green

A new report by the Breakthrough Institute, a progressive think tank in Oakland, argues that China, along with Japan and Korea, will dominate the clean-energy race by out-investing America.

Asia tigers have surpassed the U.S. in virtually all clean-energy areas, including wind, solar, and electric-car batteries.


Ever since the late 1990s, companies have veered their business strategy and have since begun to focus more on the environment and conservation policies.

Their reasons for that was that if they are responsible towards the environment, they will then build a symbiosis relationship with their consumers and naturally, the trust level of the consumers for the company will rise. This will then construct stronger rapport between the two parties.


However, I think that they should keep at it in the past because going green is easier than done. The vast amount of technology is extremely exorbitant and worse still, they are brand new, there's no foundation in the first place, everything has to be newly constructed.

This is clearly strenuous for countries like India and other developing countries who are struggling to fight the economic crisis and at the same time, grow exponentially in order to catch up with the rest of the world. They are still at their industrialisation stage and asking them to go green at this point in time is as good as asking them to shut down all their factories and work.

But International Monetary Fund Managing Director Dominique Strauss-Kahn on Saturday said the institution plans to create a $100 billion "green" fund to fund low-carbon growth. This is a move that recognizes that developed countries are having trouble with money and the developed ones are down with the financial malaise.


Rich countries should have taken the opportunity to ramp hard on green technology back then and they would have been in the lead now and more of their energy sources would have been a lot more sustainable than what they are now.

However, they disregarded the importance of it for they were overly-complacent, thinking that they can build it up slowly since other countries are still floundering. But they were wrong, very wrong. Just look at how China easily overtook them within a couple of years. They have not even been in this market for long, as least not earlier than the United States and yet they are dashing forward at the speed of light now.


I trust that they know the long term potential benefits of that move and that they will not regret it ever. Yes, Obama has agreed to spend $80 billion of the stimulus package on things green, but that pales next to the $217 billion the Chinese government plans to dole out over the next five years.


Fact: Without the stimulus package, more than 80% of the green technology would have failed. Currently, only 50% of the projects have pulled through

If the United States wants to catch up on China's trace, they had better go all out while they still can before China gobbles up the entire United States in a while time. It is already on the way to digesting Japan's second place in the economy, just like how Avatar obliterated Titanic's first place in the global worldwide sales.


It will not be long before China hits on United States and take over the world where Chinese rules.



Credits -cnn, -brown, -acus, -flickr, -amazonaws, -crossroadstalk, -marketwatch