Word: greenes
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Dates: during 2000-2009
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...satellite. It looks as if history may repeat itself, but this time the arena is more down to earth. In August, the leaders of Japan, China and South Korea will hold a trilateral summit to discuss how they can pool their resources and expertise to develop and commercialize emerging green technologies. Who knows what world-beating products and processes will result from a successful collaboration...
...hybrid-car technology. China is emerging as a leader in electric cars, solar power and wind power. South Korea is not yet known for anything environmentally friendly, but that is about to change. The South Korean government is spending $31 billion to fund research in 27 green technologies, including non-silicon-based solar cells, biomass fuels and carbon collection, storage and processing. (See the top 10 green stories...
...able to maintain its economic dominance. New Energy Finance, a provider of information and analysis on low-carbon technologies, estimates that investment in clean energy in Europe last year reached nearly $50 billion. The figure for North America is a much lower $30 billion. (Read more about the green-energy ideas out there...
...President Barack Obama appears to recognize the tectonic shift. Part of Washington's $787 billion stimulus spending is meant for green initiatives: $2 billion to support lithium-ion batteries and hybrid electric systems, $800 million for a biomass program, $400 million to add electric technologies to vehicles and $400 million for geothermal technologies. But with public debt now equal to 82% of GDP and the budget deficit forecast to hit $1.4 trillion next year, the U.S. is in no position to spend more...
...economies have robust balance sheets, except for Japan. Unlike the U.S., China and South Korea do not need to print money to fund their stimulus packages. And their spending is geared toward the future rather than toward mopping up the excesses of the past, as the U.S. must do. Green projects account for 81% of South Korea's economic-stimulus programs and 38% of China's - the proportion in the U.S. is just...