October 3, 2007 (Asian Investor) – ABN Amro Asset Management has launched a Clean Tech Fund that will invest globally and will have an investment horizon of around three to five years. The fund will be managed from Paris by a team of fund managers led by Dominique Pouliquen and will be available to investors worldwide. Pouliquen and his team will consider investing only in so-called clean technology companies that derive at least 50% of their revenues from environmentally friendly technological advances or are leaders in the particular area where they are advancing environmental sustainability. An example of a company that fits this requirement is Toyota Motor Corporation in Japan, which is a leading manufacturer of hybrid vehicles and has strong brand recognition in this area.
August 20, 2007 (Channel News Asia) – The Singapore government has earmarked S$17 million over the next five years to test and develop solutions for the renewable energy sector.
It announced on Monday that it is seeking technology providers and proposals for three test sites – the Gardens by the Bay, Marina Barrage and Singapore Polytechnic campus.
The projects go under the Clean Energy Research and Testbedding, or CERT, programme.
The aim is to train up talent and also create products and services for an emerging industry worth billions of dollars.
Think of it as bankable science projects that are good for Mother Earth and Singapore.
This is why the Singapore government is spending money and lending its gardens and buildings to grow the green business.
Ko Kheng Hwa, Managing Director, EDB, says: “What we’re providing is a unique opportunity to experiment and test the deployment of clean technology in a tropical environment, in an urban environment.
“The whole idea is firstly to develop the capability in Singapore so that we’re able to design, to deploy to implement clean technology here. And with these expertise we can promote the use of clean technology in Singapore. And at the same time, we can develop products and services that we can export to the international market.”
The business of providing technology and services that save the environment attracted US$46 billion in research and development investments last year.
The Asia Pacific region accounted for more than one-third of these investments and is expected to stay the lead in the sector.
It is estimated that the global market for environmental technologies will grow to some US$700 billion by 2010, or triple the size of the global aerospace industry as more companies worldwide seek to be more energy efficient and environmentally responsible.
August 3, 2007 (RedHerring.com) – A group of north European companies aims to show how fuel cells can clean up ship engines, which now use filthy fuels such as oil refinery residues and can spew out hundreds of times more pollutants than automobiles.
The companies plan to install a clean fuel-cell engine aboard a supply ship in 2008, and they believe that a large share of the marine world will follow suit within 25 years.
“Green” engines for ships will gain footing in the fiercely competitive global shipping industry, they say, as technology advances and relatively lax environmental norms toughen.