The Green Rebound: Clean Energy to Become an Important Component of Global Recovery Plans

Abstract 2008 ended with the EU agreeing the world’s largest climate  package; renewables emerged as the main winner and carbon  costs were limited following intense lobbying. The baton of climate leadership now passes to the US, where clean energy is set to form a prominent part of President Obama’s American Recovery and Reinvestment Plan. Emerging markets are also upgrading their policies, particularly in China and India, but we expect only an outline agreement (if that) to emerge from the Copenhagen climate summit in December.
Author HSBC Global Research, January 2009
1 Energy and Climate, 1.5 General “Green" concerns