Friday, October 30, 2009

Can climate change in fact be a money spinner?

There is lots if business in the Green Energy, the Global CEOs also agree.

A recent report by Dalberg, an international consulting firm, titled 'Champions of the Low Carbon Economy -- Why CEOs are ready for a global climate agreement,' undertook a survey of 40 global companies to conclude that business was eager for the opportunities an ambitious deal at Copenhagen would engender.


"The energy revolution is one of the greatest economic opportunities of our time," added SUN Group's Uday Khemka. "It will make the tech sector's growth seem like a minor economic boom."


Suntech's CEO Zhengrong Shi, also interviewed in the Dalberg Report, holds 11 patents and grew his business from a startup to its current size of $2 billion, in just eight years.

The Suntech story has encouraged a slew of companies to join the solar power sector, including Sunvim, a Zhejiang-based textile maker better known for one of the country's popular towel brands.


According to a China Daily report, entire towns in Zhejiang province, the heart of the country's light manufacturing region, are turning from textile production, in which China has long been a world-beater, to polysilicon manufacturing, a key component of the SPV industry.

The report quoted Shen Fuxin, the General Secretary of the Zhejiang Solar Energy Industry Association as saying that the average profits made by companies in the sector were reaching 20-30 percent.


Link to Complete news article