Aug 8, 2009

China leads in global green jobs race

LONDON (Reuters) - China is winning a global race to create "green collar" jobs, six months after countries worldwide launched $500 billion spending plans to drive a low-carbon economy.

Following the economic downturn, both the United States and Europe aim to spur jobs in a green push to fight climate change and boost energy security, but China may leapfrog both this year in new wind power -- a key measure.

China passed the United States in numbers of new wind turbines built in the first half of 2009, data from Beijing-based specialists Azure International shows, and is also increasing its share of the main solar demand market, Europe.

"I think China is definitely winning the race," said Wu Changhua, China director of the London-based environment body The Climate Group, citing support for low-carbon LED lighting and electric cars as well as wind and solar.

"A low-carbon economy is mainstream thinking," she said, adding that Chinese development was helped by swifter centralized decision-making compared with its rivals.

In wind power, local demand often means local jobs -- that's especially true in China where an unofficial rule says all installed turbines must include 70 percent local content.

International companies' market share there is falling.

"In the first half (of 2009) that decline continued," said Sebastian Meyer, head of research at Azure International.

Tough financing markets plus falling oil prices have dented clean energy prospects worldwide and created a glut of turbines and solar panels, with recovery expected from next year, aided by new stimulus programs.

By Gerard Wynn - Analysis

reuters.com

8/6/09

and here is where Green spending stands:

(Reuters) - The United States, Europe, China and South Korea lead global "green" spending plans after committing about $500 billion to boost low-carbon technologies and protect the environment, under wider plans to boost the global economy.

Green spend accounts for about 15 percent of total economic stimulus cash of $3 trillion, according to HSBC in a report published on May 22. More detail follows.

GREEN SPENDING PLANS UNDER $3 TRILLION STIMULUS

These funds are to be spent over the next 5-10 years, and especially in 2009-2010. Estimates vary, depending on whether to include rail investments, for example, and what plans comprise new money.

Source: HSBC

TOTAL: $478 bln

CHINA: $217 bln

* Focus: rail ($104 bln); grid ($70 bln); water and waste ($42 bln); low carbon cars ($1.5 billion)

* Rollout: 2009-10

UNITED STATES: $112 bln

* Focus: renewable energy ($33 bln); building efficiency ($31 bln); water and waste ($16 bln); grid ($12 bln); rail ($10 bln); low carbon cars ($5 bln)

* Rollout: 10 years

THE EUROPEAN UNION: $53 bln

* Focus: building efficiency ($16 bln); grid ($9 bln); low carbon cars ($6.6 bln); rail ($5.8 bln); renewable energy ($2.4 bln); water and waste ($1 bln);

* Rollout: 2009-11

SOUTH KOREA: $31 bln

* Focus: water and waste ($14 bln); rail ($7 bln); building efficiency ($6 bln); low carbon cars ($2 bln); renewable energy ($2 bln)

* Rollout: 2009-12

GERMANY: $14 bln

* Focus: building efficiency ($10 bln); rail ($3 bln); low carbon cars ($1 bln)

* Rollout: 2009-10

FRANCE: $7 bln

* Focus: grid ($4 bln)

* Rollout: 2009-10

reuters.com

8-6-09

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