Authors
Nick Robins, Robert Clover and Charanjit Singh
Globally governments are facing the effects of economic downturn, energy security and climate change but since January 2009 they have responded by allocating over US$470 billion in fiscal stimulus to climate change investment, leveraging a total of US$980 billion consistent with a low-carbon economy. China and the US are in the vanguard, driving investment in key infrastructure notably water, grids, rail, buildings and renewables. HSBC considers the first phase of ‘green stimulus’ has ended with attention focussing on stimulus impact and its effectiveness in building a low-carbon recovery with a second instalment expected in the run-up to the Copenhagen Summit.