Green investment boom in Asia?

Renewable energy and environmental sectors in Asia are expected to boom as analysts predict green-related investments, like energy efficient power grids, will account for $272 billion, or 20 percent, of economic stimulus spending in Asia. Regional governments have sprinkled incentives for investment, particularly in solar and wind power industries. If forecasts are accurate, Asia will surpass both the US and Europe in being the largest market for renewable projects. Analysis comes as governments encourage environmentally friendly investment alongside stimulus budgets that focus on efficient energy, low carbon technology and infrastructure development. China alone has allotted $200 billion of its $584 billion recovery plan to development of waterways infrastructure, low carbon vehicles and energy efficient building. The situation is more urgent in Vietnam, Indonesia, Thailand and the Philippines. An Asian Development Bank report issued this week emphasizes the importance of green investment in these countries, which could see economic contraction of six percent by 2100 due to the impact of environmental change on their agriculture-driven economies and dense populations in coastal areas.

Climate change hits Vietnam’s poorest areas , Bernama
RP, 3 other Asian countries face costly climate change risks , ABS-CBN news
Asia govts dangle carrots to attract green money , The Economic Times
Clean energy pitched, Business Mirror