Your Federal Quarterly Tax Payments are due April 15th Get Help Now >>

Green Funding by Government & Green Initiatives of Companies by InfinitiResearch

VIEWS: 34 PAGES: 22

The environmental management practices are directed towards the welfare of the community, and economy as a whole. The major problem affecting the development of environmental framework in various countries is the lack of knowledge support, and monetary funding. To support the environmental sustainability, governments of various countries are funding environmental projects and green ventures. The funding is made available through government bodies such as central government, regional government, local government, government offices, and regional local development agencies. Government funding for environmental management practices are usually allotted as a percentage of the 'economic stimulus package', which is a bail out money allotted by the government to boost the economic growth of the country. The stimulus package consists of the government funding for various economic and social activities, and includes tax rebates. The focused areas for funding are energy efficient infrastructure; usage expansion of renewable source of energy; reduction in green house gases and carbon emissions; development of low carbon vehicles, clean technologies, and green infrastructure for waterways, roadways, and railways; and conservation of water resources. This report discusses the government funding and the region-wise fund allocation for the green environment. It also talks about the green funds as a percentage of total stimulus package, and highlights the green initiatives taken by the companies in various industries.

More Info
									Green Funding by Government & Green
       Initiatives of Companies
          Technology Report – 2008
                                                       Ap pli ca ti on D es i gn / De v el op m ent T o ols - 2 0 0 8
                                                               Green Funding by Government and
                                                                Green Initiatives by Companies




                                   Table of Contents
1. Overvi ew ................................................................................. 3
2. Government Fu nding .................................................................. 4
  2.1 Asia- Paci fic .......................................................................... 4
  2.2 Eu ropean Uni on ..................................................................... 5
  2.3 Americas ............................................................................. 6
3. Green Fun ds Allocation by Regi on .................................................. 7
  3.1 Asia- Paci fic (APAC) ................................................................ 7
  3.2 Eu rope ................................................................................ 7
  3.3 Americas ............................................................................. 9
4. Green Fun ds as a % of Total Stimulu s Package ............................... 10
3. Green Initiati ves of th e Companies .............................................. 11
  3.1 Manu factu ring In du stry ......................................................... 11
  3.2 En ergy In du stry .................................................................. 16
  3.3 Health care and Ph ar maceuti cals In du stry .................................. 17
  3.4 Logistics an d Tran sportation .................................................. 18
  3.5 Tel ecommu nication .............................................................. 19
Oth er Reports in this Seri es ........................................................... 21




                                     List of Exhibits



Exhibit 3.1: APAC – Coun try specific stimulus package & green fu nding ..... 7
Exhibit 3.2: Eu rope – Cou ntry specific stimulu s package & green fu nding .. 8
Exhibit 3.3: Americas – Coun try specific stimulu s p ackage & green fun ding 9
Exhibit 4.0: Green fun ds as a percen tage of total stimulus package for APAC,
Eu rope, and Americas ................................................................... 10




                                                                                                     2
                                                       Green Funding by Government and
                                                       Green Initiatives by Companies




1. Overview
The environmental management practices are directed towards the welfare of the
community, and economy as a whole. The major problem affecting the development of
environmental framework in various countries is the lack of knowledge support, and
monetary funding. To support the environmental sustainability, governments of various
countries are funding environmental projects and green ventures. The funding is made
available through government bodies such as central government, regional government,
local government, government offices, and regional local development agencies.
Government funding for environmental management practices are usually allotted as a
percentage of the 'economic stimulus package', which is a bail out money allotted by the
government to boost the economic growth of the country. The stimulus package consists of
the government funding for various economic and social activities, and includes tax rebates.
The focused areas for funding are energy efficient infrastructure; usage expansion of
renewable source of energy; reduction in green house gases and carbon emissions;
development of low carbon vehicles, clean technologies, and green infrastructure for
waterways, roadways, and railways; and conservation of water resources.
Developing nations are demanding the OECD (Organization of Economic Co-operation and
Development) countries to contribute towards the green funding at the rate of 1 percent of
gross domestic product (GDP). Countries in Middle East and Africa are also focusing towards
the maintenance of the environment by initiating various programs, and providing
incentives and grants to individuals and organizations. However, these countries have not
allotted any specific percentage of fund (from the country's economic stimulus package)
towards the green fund.
The analysis of the 16 economic stimulus packages has been considered in this report by
taking into account the largest government spenders from the APAC, Europe, and Americas.
The countries include China, Japan, Australia, India, Thailand, and South Korea in the APAC
region; Germany, France, Italy, Spain, United Kingdom, and other EU states in the Europe
region; and United States (AARA, and EESA), Canada, and Chile in Americas.




                                                                                           3
                                                      Green Funding by Government and
                                                      Green Initiatives by Companies




2. Government Funding

2.1 Asia-Pacific

         Australia – The Australian government has unveiled $2,500 million funding
           plan on 3rd February 2009, (spread over a period of three years; from 2009-
           2012) towards the country's environmental sustainability. Australia is
           planning to introduce the carbon reduction scheme on 1 st July, 2010, based
           on the European Union Emission Trading Scheme (EU ETS) framework. In
           addition, the country's long term plan states about 60 percent reduction in
           Green House Gases (GHG) by 2050. The country has also planned to source
           20 percent of electricity supply from renewable forms of energy, such as
           solar or wind energy, by 2020.


         China – In order to provide the financial support for the environmental
           protection, the Chinese government has set aside $221,300 million on 9th
           November 2008 to fund the green initiatives within the country, for the fiscal
           year 2009-2010. This amounts to 8 percent of the total stimulus package of
           the RMB 4,000 billion ($587.7 billion) planned by the Chinese government.
           The funding is expected to foster investments in the environmental
           protection projects, and focus on the development of the low carbon
           economy. China's green funding plan is the highest as compared to rest of
           the world.


         Japan – The Japanese government has allotted $12,400 million on 19th
           December 2008 towards the green fund, and the investment will start from
           2009 onwards. Being the inceptor of Kyoto Protocol, the country has proven
           to be a low carbon economy. For the fiscal year 2009, the government has
           planned an investment of $92 million for the installation of the solar panels
           for the households within the country. Further, the Ministry of Environment is
           developing a green economy, and social reform plan, which is expected to
           focus on the use of hybrid vehicles, solar panels, energy efficient equipments
           and appliances.


         South Korea – The South Korean government has allotted $30,700 million
           on January 2009, as green funds, for the maintenance of the country's
           environmental posi
								
To top