March 26, 2009 / 4:01 PM / 11 years ago

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


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