Emerging Markets shine amid climate change gloom

Song Mangement Group (songmanagementgroup.com) Company News.
Emerging Markets shine amid climate change gloom

15 April 2011

Results published last week reveal that climate change is one of the top three concerns globally, on a par with economic stability and terrorism. In Hong Kong and Vietnam, climate change is the number one concern.

The emerging economies provide a welcome note of optimism, leading the way in terms of concern, personal commitment and the belief that climate change can be stopped in a survey that reflects a largely gloomy picture of a worried, pessimistic public. Two thirds (64 per cent) of respondents in China claimed to be making a significant effort to help reduce climate change, compared to 23 per cent in the UK, 20 per cent in the USA and 11 per cent in Japan. One in three people in Vietnam, India and China believe climate change can be halted, compared to just one in twenty in France and the UK.

People's opinions surrounding the business opportunities and economic prospects presented by climate change were more encouraging. Over half of respondents in Brazil, India and Malaysia strongly agreed their country would prosper and new jobs would be created by responding to climate change. The UK and the US were slightly less optimistic, but still a third of people thought economic opportunities and new jobs could be created.

This sentiment was accompanied by a strong call for business to invest in addressing climate change, with almost three quarters of people in France (73 per cent) and more than two thirds in Germany (67 per cent) expressing the view that greater business investment is needed in this area. NGOs and individuals were seen as central to the effort, backed up by effective government intervention (such as carbon taxes and emissions trading schemes).

Song Management Group believe strong national and global policies that provide incentives for investment in clean technology, that price fossil fuels in ways that reflect their true economic and social costs, and that assist consumers in using energy more efficiently, have the potential to unleash a significant pool of investment that can serve as a powerful engine for a new era of economic growth.

The climate business sector is growing fast and emerging markets are leading the way. Governments are pushing ahead with decarbonising their economies and businesses are responding by producing more low carbon goods and services. Song Management Group is working with clients to help them sow and reap the benefits of the low carbon economy.

Song Management Group is committed to building relationships based on principles which can help the environment for further information please visit www.songmanagementgroup.com

Song Management Group (www.songmanagementgroup.com) is an established Options and Futures third party advisory brokerage company located in Shanghai, China offering full-service and managed commodity brokerage services.

Song Management Group
Shanghai World Financial Center
No. 100 Century Avenue
Pudong, New Area
Shanghai
People's Republic of China
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This release was published on openPR.