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Smart Grid Authors: Scott Allen, Kevin Benedict

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Article

Asia Can Help Lead Climate-Change Fight with Green Dollar Spending

100% renewable energy is obviously the target

As officials meet in Copenhagen to hammer out a new global climate-change policy, the NGU (Next Generations Utilities) Summit was announced in Sentosa early next year by giants Tata Power and Kepco.

Alongside fifty other key Utility providers in the region, the meeting - run by GDS International - was called to discuss the impact of the Copenhagen Conference and to discuss Green Dollar spending in the region.

Such large operators are looking at Asia's innovative companies like Suntech in China who have taken the lead in producing silicon-based photovoltaic cells and wind-power producers like China Longyuan, who had a strong debut on the Hong Kong stock market, raising more than $2 billion in an initial public offering that rose 9.4% on the stock's first day of trading, to learn how to capitalize on the Green Dollar.



"Asia's clean technology companies are poised to benefit from their large home markets and expertise in low-cost electronic manufacturing. The success of such companies demonstrates that Asia's scientists and technologists are capable of taking the lead in helping the world make the transition to renewable energy resources. We just need to give them the right challenge,"  said a spokesman from the NG20 consortium lead by Colin Tam - CEO of AEI Asia Ltd, who is chairing the summit.

Detractors point out that sources of renewable energy such as wind and solar are intermittent: The wind doesn't always blow when you want it to, and the sun doesn't always shine in a particular location, and that initial capital costs for some renewable sources are still expensive. But analysis from Frost & Sullivan clearly shows the demand for Green Technology. Their results show that the Asia Pacific Fuel Cells Markets earned revenues of $142 million in 2008 and estimates this to reach $1.9 billion in 2015.

"100% renewable energy is obviously the target, says Fraser Jameson, NGU Director,  but the  future will be fraught with many obstacles to achieve this. The NGU Summit in Asia is a clear illustration of the private sectors willingness to adapt." Such a transition will require a lot of money, time, and energy. No doubt there will be some failures along the way but with a strong goal-directed strategy from the private sector along with an overabundance of scientists and engineers aiming for one goal and with addition market and government backing Asia stands a good chance of leading the world away from its fossil fueled heritage.

More Stories By John Funnell

John Funnell has worked in online media for over ten years, after achieving his First Class BSC Hons Degree (BBC Sponsored), John won Bos 18-21 Princess Trust Entrepeneur of the year at 21, setting up Clean Living Records Ltd (including www.BeatReview.com) with great success having many acts that charted in Europe and Canada. After selling the business John looked for a new challenge and joined GDS International, having a successful career in sales and Delegate acquisition, he worked up to Event Director EMEA, forging contacts with some of the biggest technology names in the world, this lead to John having a lead role in the creation of MeettheBoss.com and MeettheBoss.tv – the worlds largest business IPTV channel. John then took over as Marketing and Communications Director and ran a multifaceted global Marketing team for GDS International in New York, Sydney, Kuala Lumper and the UK.. John joined Global in 2011 with the challenge of supporting its growth by developing a solid Marketing foundation through various Digital, PR and brand initiatives.