FACTBOX-Global green economy stimulus plans
(Updates throughout)
March 26 (Reuters) - The United States, Europe, China and South Korea lead global "green" spending plans after committing $300 billion-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 $2 trillion-3 trillion [ID:nL6918662].
Views vary on how much money is needed to fight climate change. Actual global investment in low-carbon technologies was about $150 billion in 2008.
Estimates on the long-term investment required, and of short-term, green stimulus spend committed so far, follow.
See related story [ID:nLO563026]
ADDITIONAL INVESTMENT NEEDED TO FIGHT CLIMATE CHANGE
(additional to expected investments in energy infrastructure) * UNFCCC $500 bln-1,000 bln / year * IEA $1,100 bln / year from 2010-2050 * McKinsey $715 bln / year by 2020 (530 bln euros) * European Commission $240 bln / year by 2020 (175 bln euros) (Commission estimate is net of savings from efficiency gains)
GREEN SPENDING PLANS, UNDER WIDER $2-3 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 are new money. Sources -- HSBC, EU --------- TOTAL: $300-500 bln --------- CHINA: $221 bln * Focus: rail ($99 bln); grid ($70 bln); water and waste ($51 bln) * Rollout: 2009-10 --------- THE EUROPEAN UNION: $142 bln (105 bln euros) * Focus: water and waste (28 bln euros); rail (23 bln euros); renewable energy (5 bln euros); energy efficiency (4 bln euros) * Rollout: 2007-13 --------- UNITED STATES: $112 bln * Focus: renewable energy ($33 bln); building efficiency ($31 bln); water and waste ($16 bln) * Rollout: 10 years --------- SOUTH KOREA: $31 bln * Focus: water and waste ($14 bln); rail ($7 bln); building efficiency ($6 bln) * Rollout: 2009-12 --------- GERMANY: $14 bln * Focus: building efficiency ($10 bln) * Rollout: 2009-10 --------- FRANCE: $7 bln * Focus: grid ($4 bln) * Rollout: 2009-10
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.


Follow Reuters