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What a climate bill could do to increase renewable energy

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The Copenhagen Conference on Climate  Change turned out to be a dud despite the huge media hype and hoopla . But despite indifferent support of climate by world governments , investments in climate change by private sector has increased by leaps and bounds despite the slowdown brought on by the financial crisis.Both wind and solar installations increased by almost 50% in 2009 despite no climate change bill enacted by the US. Makes you wonder where we would with a climate bill.Siemens CEO here talks about investing in renewable energy with or without a climate change bill. With great technology and investments devoted to energy efficiency,wind energy and solar energy,some think of Siemens as one of the best green investments in the world right now.
Siemens CEO: Lack Of Climate Bill Won’t Stop Energy Plans – WSJ

The U.S. Congress’s lack of action climate-control legislation will not cause Siemens AG (SI) to retreat from investments in renewable energy, Siemens Chief Executive Peter Loescher said Tuesday.

“You have to look beyond daily politics,” Loescher said during an interview with Dow Jones Newswires. “We are very bullish about the market opportunity that exists in the U.S. for renewable energy and particularly for wind energy.”

Loescher has sharpened Siemens’ focus on energy since becoming CEO of the industrial and engineering company in 2007.

Energy legislation that included limits on greenhouse gasses passed the U.S. House last year, but encountered stiff opposition in the Senate. It’s uncertain whether or when a Senate version of an energy bill will come up for a vote this year.

Even without climate legislation, Loescher said that demand for alternative energy continues to increase.

“This is a major push by governments around the world,” he said. “We have a massive order book that goes into the billions” of dollars.


Sneha Shah

I am Sneha, the Editor-in-chief for the Blog. We would be glad to receive suggestions, inputs & comments on GWI from you guys to keep it going! You can contact me for consultancy/trade inquires by writing an email to

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