By Tobin Smith
Nice evaluation of the USA eco-friendly funding possibilities that i'll use in comparing eco-friendly funding possibilities in Asia.
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Extra resources for Billion Dollar Green: Profit from the Eco Revolution
Add to this the challenge of energy security and possible global destruction from CO2 emissions and you’ve got yourself a real intoxicating cocktail bound to give the world a hangover for many years—if we don’t continue down the green path. indd 32 10/24/08 10:55:11 AM Mandating Growth 33 Finally, the psychic benefit of this whole thing is that by investing in green companies and industries, you are doing something not only for yourself, but for the entire salvation of planet Earth. I’ve often said that investing in green companies allows you not only to make a fortune, but also to save the world.
One thing to keep in mind here is that government, through various industrial policies, has a long history of influencing private sector capital toward investing in new technologies. Congress commissioned the first telegraph line in the 1840s and gave railroads land to build rail networks. The government also financed the research that led to the creation of the Internet. Now we all know the old joke about Al Gore and his claim to have invented the Internet. The former VP did not actually make this claim—he meant that he had been an early proponent—but such is the nature of damaging quotations.
Indd 39 10/24/08 10:56:12 AM 40 Billion Dollar Green plethora of new HEV models from these not only the aforementioned automakers, but from nearly every major automaker. The downside for the consumer in owning an HEV is up-front cost. Depending on the model, a hybrid cost about $5,000 more than a comparable conventional vehicle. This cost is largely offset by federal tax credits given to HEV buyers, and by the fact that HEVs average about twice the fuel economy of their conventional gasoline engine counterparts.
Billion Dollar Green: Profit from the Eco Revolution by Tobin Smith