2010 beholds many uncovered changes. Government subsidies as well as investments will probably boost up this year.
It is expected that the12 months that are to be unfolded will be fruitful in clean technologies. Although Copenhagen Summit did not produce any significant binding contracts, the future looks bright. According to investment bank, Jefferies, effort to go towards clean technology is still a common envisaged aim.
According to Jefferies recent survey, recovery of the recession will lead to more investment together with governmental effort to tackle climate change. Head of European Clean Tech investment (Jefferies), Bruce Huber said that the European region will experience an unusually positive future in the field of renewable and clean tech.
Transnational agreement and policies may decrease during 2010 as other goals top the priority list of politicians and business. For instance, expansion plans for the health sector are cutting across nations and are likely going to be a leader of priorities.
According to “FFF” (Forum for the Future) spending are necessary to enable savings. The “whole-life payback” philosophy is based on the ideology that money injected into capital investment must be wisely spent, encompassing green technology. Sustainability has never been an achievable goal through cost saving and reduction of carbon emission alone. Therefore, comprehensive approaches such as education as well as research and development are other efficient measures for sustainability.
Green Prediction for 2010
Governments will on this ground, in-respect to potential economic recovery re-introduce subsidies, lower interest loans and offer tax breaks. This could revitalize and make clean energy an all encompassing and inclusive strategy to various governmental projects such as hospital infrastructure and renewable energy sources.
Competitive factors such as price war, is also likely to make solar panels a more feasible alternative of energy. According to Jeffries survey, investment in clean technology will rise from $125 billion in 2009 to $160 billion in 2010. This represents an estimated increase of 28 percent based on the report.
Besides, progress in technology will fodder clean technologies such as full-driven electric vehicles. The main hurdle for electricity driven cars is storage technologies (batteries). Yet, achievements are expected to be commercialized within the five years to come. Hydrogen cars are also nearing a release, stamping for ‘Hydrogen Economy”. Already acquired goals for instance are hybrid cars such as the Toyota Prius and even smarter models are in development. The car industry is certainly going to have some significant change.
2010 beholds significant rise in investment in clean energy and major progress in reducing carbon emission through technological advancement.
Sources:
1. Business Green
2. Business Week
3. Guardian.Co.Uk
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