Summary 1
Money on the table 1
China and the USA in the lead 2
Boosting green infrastructure 3
Timing the delivery 4
Multiplying the impact 4
Starting to stimulate 4
The green deal gets real 7
From margin to mainstream 7
Targeted, timely, temporary… 8
…and transformative 8
Climate categorisation 10
Five questions for green deals 11
Regional Analysis 13
Australia 14
China 16
Japan 19
South Korea 21
Saudi Arabia 24
South Africa 25
European Union 26
Germany 29
France 31
Italy 33
United Kingdom 34
Other Europe: Norway 36
Europe: summary 38
Canada 39
Mexico 41
USA 42
Other G2O 47
India 47
Brazil, Russia and Turkey 47
Theme analysis 49
Allocating the stimulus 50
Low-carbon power 51
Renewables 51
CCS and others 51
Energy efficiency 51
Water, waste and pollution control 52
A Copenhagen stimulus? 53
London’s pale green G20 53
Will Copenhagen seal the deal? 53
Disclosure appendix 58
Disclaimer 59
We gratefully acknowledge the assistance of D Saravanan, S
Goel and R Chaturvedi from the HSBC Climate Change
Centre of Excellence in the preparation of this report.
Contents