Eric BorremansAccording to Eric Borremans, senior fund manager at BNP Paribas Asset Management, the best places to put one��s money these days is water resources, wind power and energy-saving light-emitting diodes - industries now seeing massive investment by governments around the world.Borremans, the asset manager��s head of sustainable investment, said governments around the world are rolling out new policies to boost green industry, but stressed investors need to be cautious in choosing which companies and specific areas benefit from this new landscape.��Now is the time to invest in green industries, where global resources will be concentrated,�� Borremans said during his latest visit to Seoul. BNP Paribas, a French asset manager, operates a local joint venture called Shinhan-BNP Paribas with Korean financial behemoth Shinhan Financial Group.As the economic downturn raged, major economies including the United States, Japan and European nations rushed to roll out stimulus packages, and most of them contained support for green growth. Borremans estimated these countries will invest up to $400 billion in green growth industries over the next three to five years.��It is double the [current] size of the world��s environmentally friendly industries,�� he said. Particularly promising areas are water, wind power and LED lighting, all of which are seeing massive spending by the American government.The U.S. is aggressively developing wind power resources, as is China, while LED lighting has the potential to improve the energy efficiency of buildings, Borremans said.But the future of some industries long considered green up-and-comers, such as biofuel and solar power, may not be as bright as once thought, the fund manager said. Biofuel suffers from a worsening reputation amid criticism that its production fans global crop price hikes and food shortages in poor countries, while the solar energy industry is struggling with a supply glut as hundreds of solar panel makers are competing to expand their presence in a market that is still of limited size.Borremans added that now is also the time to pay more attention to green tech companies in Asia, which suffers from brutal pollution. Demand for technologies to preserve the environment during and after industrialization will come from these Asian countries rather than Western companies. Borremans, who manages the BNP Paribas funds investing in environmentally friendly companies, sold here as the ��Shinhan-BNP Paribas Bonjour Clean World,�� said he is currently investing in Taewoong, a local wind power technology company. By Han Ae-ran [hawon@joongang.co.kr]
Tuesday, September 8, 2009
Keen eye still key despite eco-bonanza
Keen eye still key despite eco-bonanza Demand for greener industry will come from developing Asia, not the West, Borremans said. September 09, 2009 Eric BorremansAccording to Eric Borremans, senior fund manager at BNP Paribas Asset Management, the best places to put one��s money these days is water resources, wind power and energy-saving light-emitting diodes - industries now seeing massive investment by governments around the world.Borremans, the asset manager��s head of sustainable investment, said governments around the world are rolling out new policies to boost green industry, but stressed investors need to be cautious in choosing which companies and specific areas benefit from this new landscape.��Now is the time to invest in green industries, where global resources will be concentrated,�� Borremans said during his latest visit to Seoul. BNP Paribas, a French asset manager, operates a local joint venture called Shinhan-BNP Paribas with Korean financial behemoth Shinhan Financial Group.As the economic downturn raged, major economies including the United States, Japan and European nations rushed to roll out stimulus packages, and most of them contained support for green growth. Borremans estimated these countries will invest up to $400 billion in green growth industries over the next three to five years.��It is double the [current] size of the world��s environmentally friendly industries,�� he said. Particularly promising areas are water, wind power and LED lighting, all of which are seeing massive spending by the American government.The U.S. is aggressively developing wind power resources, as is China, while LED lighting has the potential to improve the energy efficiency of buildings, Borremans said.But the future of some industries long considered green up-and-comers, such as biofuel and solar power, may not be as bright as once thought, the fund manager said. Biofuel suffers from a worsening reputation amid criticism that its production fans global crop price hikes and food shortages in poor countries, while the solar energy industry is struggling with a supply glut as hundreds of solar panel makers are competing to expand their presence in a market that is still of limited size.Borremans added that now is also the time to pay more attention to green tech companies in Asia, which suffers from brutal pollution. Demand for technologies to preserve the environment during and after industrialization will come from these Asian countries rather than Western companies. Borremans, who manages the BNP Paribas funds investing in environmentally friendly companies, sold here as the ��Shinhan-BNP Paribas Bonjour Clean World,�� said he is currently investing in Taewoong, a local wind power technology company. By Han Ae-ran [hawon@joongang.co.kr]
Eric BorremansAccording to Eric Borremans, senior fund manager at BNP Paribas Asset Management, the best places to put one��s money these days is water resources, wind power and energy-saving light-emitting diodes - industries now seeing massive investment by governments around the world.Borremans, the asset manager��s head of sustainable investment, said governments around the world are rolling out new policies to boost green industry, but stressed investors need to be cautious in choosing which companies and specific areas benefit from this new landscape.��Now is the time to invest in green industries, where global resources will be concentrated,�� Borremans said during his latest visit to Seoul. BNP Paribas, a French asset manager, operates a local joint venture called Shinhan-BNP Paribas with Korean financial behemoth Shinhan Financial Group.As the economic downturn raged, major economies including the United States, Japan and European nations rushed to roll out stimulus packages, and most of them contained support for green growth. Borremans estimated these countries will invest up to $400 billion in green growth industries over the next three to five years.��It is double the [current] size of the world��s environmentally friendly industries,�� he said. Particularly promising areas are water, wind power and LED lighting, all of which are seeing massive spending by the American government.The U.S. is aggressively developing wind power resources, as is China, while LED lighting has the potential to improve the energy efficiency of buildings, Borremans said.But the future of some industries long considered green up-and-comers, such as biofuel and solar power, may not be as bright as once thought, the fund manager said. Biofuel suffers from a worsening reputation amid criticism that its production fans global crop price hikes and food shortages in poor countries, while the solar energy industry is struggling with a supply glut as hundreds of solar panel makers are competing to expand their presence in a market that is still of limited size.Borremans added that now is also the time to pay more attention to green tech companies in Asia, which suffers from brutal pollution. Demand for technologies to preserve the environment during and after industrialization will come from these Asian countries rather than Western companies. Borremans, who manages the BNP Paribas funds investing in environmentally friendly companies, sold here as the ��Shinhan-BNP Paribas Bonjour Clean World,�� said he is currently investing in Taewoong, a local wind power technology company. By Han Ae-ran [hawon@joongang.co.kr]
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