Financial Soultions sees China taking the eco-lead in the East.

Sept. 13, 2009 - PRLog -- The China Greentech Initiative, a group of more than 80 leading technology companies, non-governmental organizations and policy advisers, highlighted areas from 300 potential green technology options for China, including energy, water, buildings, transportation and industry, Financial Soultions understands.

A number of the consultants who participated in the research indicated that the private sector alone could not be expected to develop these areas, and that government involvement would be pivotal.

Financial Soultions has learned that the U.S. International Energy Agency, believes that keeping climate change to just a 2 degrees Celsius increase over the next 20 years will require $9 trillion in extra spending.

While such changes are needed globally, Financial Soultions believes China's speedy growth and dizzyingly fast urbanization are contributing to a building explosion that has created more than twice the floor space as in the U.S.

Such expansion will necessitate huge increases in use of energy, water and materials that will force China to adopt new, environmentally friendly technologies the report indicated.

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