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There's gold in them thar enviro disasters
Emily Gertz, 10 Jan 06

Over at, Andrew Leonard's blog How The World Works (noted by Jamais last month) is becoming one of my favorite online reads. Today he finds an upside to reports of two new toxic pollution crises on Chinese rivers that will resonate with those of you tracking the economics of climate disruption: favorite way to look at these disasters is as an opportunity for greed to clean up our act. Over the weekend, the International Herald Tribune published a fascinating article covering companies and investment funds that view China as a growth market for energy-efficient technologies and other environmentally positive goods and services.

...The IHT led me to the FE Clean Energy Group, an investment group currently setting up a fund in Asia valued at $75 million. FE Clean Energy is interesting because the closer you look at the company, the more you understand that it has been set up specifically to profit from global warming. Its business plan seems largely predicated on funding projects that are not only profitable in the short term, simply as good businesses, but that, down the line, will also generate potentially valuable carbon dioxide emission credits.

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Posted by: Prog Grrl on 10 Jan 06



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