Billion dollar green business

50% off electronics’ greenhouse gases, the world’s largest tidal plant, and a hydrogen fuel cell that powers 3000 homes are just some of the impressive Korean green business initiatives.

The first, Samsung has just announced over 4 billion dollars of investment to green its electronics. It will cut the greenhouse gas embodied in its products by 50%. Once past the factory gate goods also use power and, Samsung says, its TVs, refrigerators and air conditioners will be the most efficient (lowest power use) products available.

Efficiency is also central to the stationary hydrogen fuel cell. The plant producing heat & electricity for 3000 homes does so by using 80% of the available energy from gas for a current cost of about AUD 0.23 per unit.

And the world’s largest tidal power plant – it will deliver power at approximately half the cost of wind power. Hydrogen and tidal power plant pictures and detail are here. Cost comparisons here.

Business action

Over a third of Australian businesses are already taking action to cut greenhouse emissions and reduce energy use according to a recent Australian Industry Group and KPMG survey. The report finds nearly 70% of businesses – from a random sample across construction, service and manufacturing industries – are currently acting or plan to act to manage carbon footprints.

For any company there are many reasons to address climate change. Increasingly major companies will demand a supplier understands its carbon footprint. The international Carbon Disclosure Project reports this is already occurring with Cadbury, Colgate-Palmolive, Johnson & Johnson, P&G, Unilever, Vodafone (1) and Walmart (2) among the companies asking suppliers to report on carbon footprint and climate change strategies.

The Carbon Disclosure Project represents Investors with assets of $55 trillion. Its just one of the major reasons why, across the world, companies are looking to find carbon advantages.
The picture shows a stationary hydrogen fuel cell power plant in Seoul, Korea.