The results of the latest HSBC Climate Confidence Monitor came out with some interesting results; evidently people from emerging economies are more confident than those in Europe or the United States. The survey is trying to offer some insight into people’s perception on the issue of climate change. Climate Change is seen as the third most important concern of our time, after global economic stability and terrorism.
Generally speaking, global optimism in the sense that climate change can be reversed is 30% lower today than 2007.In France, only one out of 25 believes that the measures taken will result in preserving our climate, one in 20 thinks so in the UK. Quite contrary, one in three is optimistic about the outcome of our efforts in Vietnam. It is difficult to say if this could be connected to the amount of public knowledge relating to climate issues, and also how much priority is given to the issue.
One in five globally trusts that those in charge are taking the necessary steps towards a low-carbon future, but in China more than 50% of people believe so. This could be connected to the fact the China, even though it has now overtaken the US in terms of GHG emissions, is investing seriously into the implementation of energy efficiency and renewable energies. Even average citizen are confronted with the need to uncouple China’s economic growth from oil and rising emissions.
In developed countries, the general perception is that businesses should invest more resources towards reducing oil-dependency, possibly because many get the feeling that in fact for many it is business as usual.
On a private level, home heating, air conditioning and reducing and recycling of waste are perceived as most important. About a third of respondents claim to make a personal effort to reduce their global footprint.
Emerging economies, such as Brazil, India and Malaysia seem to take up the opportunities arising from the implementation of new technologies more strongly than established economies. Over half of respondents from those countries believe in the creation of new quality jobs in the field of renewable energy and efficiency, whereas only one in three thinks so in the UK and US.
It can be concluded that emerging economies are making most effort to adapt to a low-carbon future and also generally have the opinion that this shift could benefit them. Emerging economies are likely to see the largest share of investment in low-carbon innovation-possibly as much as 70% of the total. This could, in the long run, shift the economic allocation as we know it.
“Strong national and global policies that provide incentives for investment in clean technology, that price fossil fuels in ways that reflect their true economic and social costs, and that assist consumers in using energy more efficiently, have the potential to unleash a significant pool of investment that can serve as a powerful engine for a new era of economic growth,” said Lord Nicholas Stern, Special Adviser to HSBC’s Group Chairman on Economic Development and Climate Change.
Fact is: the ‘green race ‘has begun, and it’s innovative, creative and productive.