Santa Ana, CA (PRWEB) April 7, 2010
For the first time since it was established in 1999, the G-20 or Group of Twenty Finance Ministers and Central Bank Governors was lead by the Republic of China in terms of recent green investments. China left countries like the US, the UK and Turkey in the dust during the year 2009.
"When a superpower that has been such a prominent global leader sets the bar low, countries with a more modest self-image are sure to follow suit," says Mouli Cohen. "As one of the countries with the highest carbon emissions, the US has a responsibility not just to improve the lives of its own citizens, but also to lead the development of policies that support ecological sustainable developments."
Philanthropist and green technology advocate, Mouli Cohen gives his two cents on the shift in ecology-related economic tides.
According to data released in Late March by The Pew Charitable Trusts, China invested $34.6 billion in the clean energy industry. This is nearly double the amount that the US, at 2nd place, invested in the industry. U.S. clean energy investments also grew by 40 percent from 2008.
"This is not to say that the United States is not giving due attention to environmentalism," says Mouli Cohen. "As one of the hardest hit countries by the global recession, the US struggled to stay on its feet. And towards the latter part of the year, President Obama's American Recovery and Reinvestment Act helped to hedge the decline. But as this took place, green investments had gained momentum globally."
Indeed, green investments of nearly all G-20 member economies grew by 50 percent in the last five years. These investments are forecast to grow by 25 percent to $200 billion in 2010.
In terms of five year growth in investment, the US is only at 5th, with Turkey on the top spot and China sitting comfortably at 3rd. According to the March Pew Charitable Trusts report, domestic policy choices play a critical role. Top rated countries like China, Brazil, Germany and Spain have adapted national energy and renewable energy standards, provided incentives for investment and production, and have set high targets for carbon reduction. On the other hand, the US has been criticized for setting unimpressive low targets during the recent Copenhagen Climate Conference.
About Mouli Cohen
Mr. Cohen is a successful entrepreneur who has founded and developed successful ventures in the biotechnology, high technology, digital media and entertainment sectors. He has balanced his success in business with philanthropic activities. Over the years he has supported children's charities, food programs, medical research, and the arts as well as education projects both in the US and abroad.