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Opportunities Global Warming: Bright side of warming
There is a growing tussle going on – especially in the US on whether global warming is actually a fact or a myth – and how adversely it can affect an economy. A host of cynics in the US have discarded warming as sham propaganda by scientists, political leaders with their own vested interests, activist groups and other recipients of funds to leverage on this supposed hoax! The critics comment that the proposed regulations to control warming can slow down a country’s economic growth – terribly so, especially if it is a developing country which needs to grow fast and catch up with the developed ones. However, on a closer look, it seems that global warming, despite criticism, offers new avenues of lucrative investment options. Renewable energy is an example. Solar energy for instance, is a high growth investment option; which is growing globally at 33 per cent annually. In 2009, in spite of downward trend in most economies, a total of 80GW of renewable energy and 32 GW of solar energy was set up worldwide; while total investment (in clean energy) was $162 billion. China leads the table surpassing United States as the leading investor in renewable energy with a production of 37 GW. The private investors are increasingly participating in this venture; especially in Oceania and Asia with an investment of $40.8 billion overtaking US with $32.3 billion in 2009.
Insurance industry too is set to gain from the global warming dynamics. The clean energy products are increasingly being covered by insurance companies and leading the pack is Munich Re – the world’s largest insurer who covers products like wind farms and solar panels – giving guarantees for their performance, failing which, compensation is provided to the investor! Another insurance firm called Travelers is covering green cars in 41 states in US at discount of 10%; while Allianz has published a testimony where they have described in detail the contribution of Insurance firms to mitigate the ills of global warming.
Even banks and funding institutes who lend money to finance projects are now falling on to carbon credits as a new means of investment. The Chinese government recently has shown keen interest in trading carbon credits and has raised a fund of $100 million for that. Dealings in carbon credits are happening in thick across the world; a notable example is Lanxass, a German company, which has put in $9.67 million in an Indian fuel company to access post-2012 credits; while a French company has amassed €60 million for gaining carbon credits after 2012. Even Al Gore, who is seen as a stooge of global warming advocates and is often accused by corporations and media of spreading lies in favour of climate change, is a partner in two funding companies specifically trading carbon credits. Interestingly, championing for climate change has earned him $100 million through the hedge fund companies!
In agriculture too, GM crops are being produced that are touted as ‘environment ready’ by big firms like Monsanto, which mint big money. If we really needed to dig holes and fill them up to get the world out of recession, global warming is showing new options!
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Opportunities Global Warming: Bright side of warming
There is a growing tussle going on – especially in the US on whether global warming is actually a fact or a myth – and how adversely it can affect an economy. A host of cynics in the US have discarded warming as sham propaganda by scientists, political leaders with their own vested interests, activist groups and other recipients of funds to leverage on this supposed hoax! The critics comment that the proposed regulations to control warming can slow down a country’s economic growth – terribly so, especially if it is a developing country which needs to grow fast and catch up with the developed ones. However, on a closer look, it seems that global warming, despite criticism, offers new avenues of lucrative investment options. Renewable energy is an example. Solar energy for instance, is a high growth investment option; which is growing globally at 33 per cent annually. In 2009, in spite of downward trend in most economies, a total of 80GW of renewable energy and 32 GW of solar energy was set up worldwide; while total investment (in clean energy) was $162 billion. China leads the table surpassing United States as the leading investor in renewable energy with a production of 37 GW. The private investors are increasingly participating in this venture; especially in Oceania and Asia with an investment of $40.8 billion overtaking US with $32.3 billion in 2009.
Insurance industry too is set to gain from the global warming dynamics. The clean energy products are increasingly being covered by insurance companies and leading the pack is Munich Re – the world’s largest insurer who covers products like wind farms and solar panels – giving guarantees for their performance, failing which, compensation is provided to the investor! Another insurance firm called Travelers is covering green cars in 41 states in US at discount of 10%; while Allianz has published a testimony where they have described in detail the contribution of Insurance firms to mitigate the ills of global warming.
Even banks and funding institutes who lend money to finance projects are now falling on to carbon credits as a new means of investment. The Chinese government recently has shown keen interest in trading carbon credits and has raised a fund of $100 million for that. Dealings in carbon credits are happening in thick across the world; a notable example is Lanxass, a German company, which has put in $9.67 million in an Indian fuel company to access post-2012 credits; while a French company has amassed €60 million for gaining carbon credits after 2012. Even Al Gore, who is seen as a stooge of global warming advocates and is often accused by corporations and media of spreading lies in favour of climate change, is a partner in two funding companies specifically trading carbon credits. Interestingly, championing for climate change has earned him $100 million through the hedge fund companies!
In agriculture too, GM crops are being produced that are touted as ‘environment ready’ by big firms like Monsanto, which mint big money. If we really needed to dig holes and fill them up to get the world out of recession, global warming is showing new options!
For More IIPM Info, Visit below mentioned IIPM articles.
Management Guru Arindam Chaudhuri Dean Business School IIPM
IIPM Excom Prof Rajita Chaudhuri
Kapil Sibal's voters want Jan Lokpal, not Government-proposed Lokpal Bill
IIPM Prof. Arindam Chaudhuri on For Salman Khurshid, it is a big challenge ahead; and I personally look forward to a revolutionary couple of years ahead!
IIPM Adds Another Feather to Its Cap: This Time Gets the Best Business School of Asia Award
Item Numbers Are The New Mantras of Bollywood
Noida CEO rules out hike in land compensation
IIPM, GURGAON
Rajita Chaudhuri on ‘The Magic of Number 3 in Marketing’
Noida Extn dreams breaks as court scraps new acquisition
IIPM Marches Ahead in B-School Rankings...
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