"Beautiful China": Invoking 8 trillion green investment in five years
Information source: Economic Reference News Release time: 2012-11-14
The report of the 18th National Congress of the Communist Party of China set up a special chapter to discuss "vigorously promote the construction of ecological civilization", and outline a "beautiful China" with blue sky, green land, clean water, and harmonious development of man and nature for the future. This is a bright spot in the report of the 18th National Congress of the Communist Party of China regarding the new requirements for building a well-off society in an all-round way.
Faced with the severe situation of tightening resource constraints, serious environmental pollution, and degradation of the ecosystem, the traditional development model at the cost of continuously consuming resources and producing carbon dioxide is no longer sustainable. From a global perspective, energy conservation, recycling, and low carbon are becoming new development methods, and the "green industrial revolution" has already begun. China, which is developing rapidly, must also promote the construction of ecological civilization and turn to a resource-saving and environment-friendly industrial structure, growth mode, and consumption mode to realize the sustainable development of the Chinese nation.
The pursuit of ecological civilization not only means the end of the old model, but also heralds the opening of a new market. As a result, China's economy will gain broad space for development, which will provide more opportunities for investment.
Among the seven strategic emerging industries listed in the national “Twelfth Five-Year Plan”, energy conservation and environmental protection, biology, new energy, new materials and other industries are closely related to green development. By 2020, the added value of these strategic emerging industries is expected to account for 15% of GDP, and the new energy, new materials, and new energy automobile industries will become the leading industries of the national economy.
This is a profound economic transformation and industrial upgrading, which contains great investment space and investment opportunities. According to Hu Angang, Dean of the National Research Institute of Tsinghua University, China's green investment will reach 8 trillion yuan during the "Twelfth Five-Year Plan" period. This may be the largest green investment in the world.
Specifically, the areas of green investment mainly include ecological construction, such as investment in forestry, water conservancy, soil erosion control, desertification control, etc.; environmental protection, such as the prevention and control of water, air, and solid waste pollution; energy conservation and emission reduction, such as Develop green buildings, green materials, new energy vehicles, etc.
According to relevant plans that have been announced, during the "Twelfth Five-Year Plan" period, the state will invest about 1.5 trillion yuan, give priority to the implementation of 8 key environmental protection projects, and carry out a batch of environmental basic surveys and pilot demonstrations; Key projects for energy conservation and emission reduction. Experts expect that from now to 2020 when a well-off society is fully established, the government will issue more specific action plans for the construction of ecological civilization, and the corresponding investment will continue to increase substantially.
In addition to government-led public investment, social capital will also turn more attention to industries related to green development. According to the research and analysis of investment consulting institutions, since 2008, the cases of venture capital and direct equity investment in clean technology have shown a trend of rapid growth. In 2009, China surpassed the United States for the first time, ranking first in global clean technology investment. From 2001 to 2011, a total of 37 environmental protection companies obtained equity financing 46 times. Among them, water treatment, solid waste treatment, environmental protection technology consultation and promotion were especially favored by investors. In addition, since 2010, six environmental protection industry investment funds have been established, with a capital scale of 15.8 billion yuan.
Although the green investment cycle is long and the amount of funds is large, in the global "green industrial revolution" competition, both the national and enterprise levels are increasing investment, conducting scientific research and development and promoting industrialization. It is foreseeable that as the construction of ecological civilization rises to an important position alongside economic construction, political construction, cultural construction, and social construction, more new technologies, new industries, and new business models will be catalyzed in the future.
It is particularly noteworthy that a large part of the return on green investment is difficult to measure in monetary units. This is because the construction of ecological civilization is more important to provide "ecological products" such as fresh air, clean water, and pleasant environment. These will be the "green wealth" that the economy and society rely on for sustainable development and the people share.