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Green Initiatives Expected to Spearhead Economic Development and Revitalization in Asia Pacific, Finds Frost & Sullivan

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Green Initiatives Expected to Spearhead Economic Development and Revitalization in Asia Pacific, Finds Frost & Sullivan PR Newswire KUALA LUMPUR, Malaysia, Oct. 17, 2012 - High-income countries are competitive in terms of green initiatives and technologies KUALA LUMPUR, Malaysia, Oct. 17, 2012 /PRNewswire/ -- The economic downturn has prompted many Asian governments to invest or plan in sustainable economic activities. Green technologies, particularly in the environmental and building sector, have been identified as long-term catalysts of economic growth. New analysis from Frost & Sullivan (http://www.environmental.frost.com), Green Excellence Country Benchmarking in Asia-Pacific, finds that in 2010, Singapore had the highest green excellence performance score of 0.813 and Indonesia came in last with 0.207. The issue of sustainable development has gained currency not only throughout Asia Pacific but all over the world. Global trends such as population growth, industrialization, climate change, water scarcity, increasing solid waste output, and other environmental concerns have escalated the demand for green technologies and services. High-income countries in the region are the most enthusiastic adopters of green initiatives; however, some of them are also among the biggest carbon dioxide emitters in the world.
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Green Initiatives Expected to Spearhead Economic Development and Revitalization in Asia Pacific, Finds Frost & Sullivan
PR Newswire KUALA LUMPUR, Malaysia, Oct. 17, 2012
- High-income countries are competitive in terms of green initiatives and technologies
KUALA LUMPUR, Malaysia,Oct. 17, 2012/PRNewswire/ -- The economic downturn has prompted many Asian governments to invest or plan in sustainable econom ic activities. Green technologies, particularly in the environmental and building sector, have been identified as long-term catalysts of economic growth.
New analysis from Frost & Sullivan (http://www.environmental.frost.com),Green Excellence Country Benchmarking in Asia-Pacific, finds that in 2010, Singapore had the highest green excellence performance score of 0.813 and Indonesia came in last with 0.207.
The issue of sustainable development has gained currency not only throughoutAsia Pacific but all over the world. Global trends such as population growth, industrialization, climate change, water scarcity, increasing solid waste output, and other environmental concerns have escalated the demand for green technologies and services.
High-income countries in the region are the most enthusiastic adopters of green initiatives; however, some of them are also among the biggest carbon dioxide emitters in the world. Developed countries such as Singapore are drawing international participants, while other developed countries such as Japan and South Korea are witnessing strong domestic competition.
"Singapore, Australia, and New Zealand are relatively stable and open economies," saidFrost & Sullivan Research Manager Melvin Leong. "These countries, with their substantial domestic expertise and need for niche applications and return on investments in the public sector, attract green technology suppliers with financial and technology strengths."
Although Japan and South Korea are considered developed markets with significant technology innovation and adoption, they are also among the markets with the most challenging entry barriers. Most participants are hindered by language and cultural barriers in these two countries.
Meanwhile, middle-income countries are battling insufficient funding, transparency issues, focus on low-cost technologies, and bureaucratic inefficiency in the development of environmental markets. Nonetheless, they provide ample scope for long-term growth.
Malaysia and Thailand are emerging markets and have not invested substantially in green technologies but they have considerable potential. Finally, Vietnam, the Philippines, and Indonesia hold great promise as there is ample need for green market investments.
"Companies with turnkey capabilities, local knowledge, and partnerships with local companies are most likely to succeed in countries such as Singapore, Australia, and Japan," noted Leong. "As complex market entry barriers are the norm in middle-income countries such as Indonesia and Vietnam, companies with the right mix of pricing, technology offerings, and concrete long-term investment plans are best poised for success."
If you are interested in more information on this research, please send an email toDonna Jeremiah, Corporate Communications, atdjeremiah@frost.com, with your full name, company name, title, telephone number, company email address, company Web site, city, state and country.
Green Excellence Country Benchmarking in Asia-Pacificis part of theEnvironmentalGrowth Partnership Services program, which also includes research in the following markets: Water and Wastewater Treatment Solutions in Food and Beverage Industry in Asia Pacific, Water and Wastewater Treatment Solutions in Power Industry in Asia Pacific, and Ballast Water Treatment Market in Asia Pacific. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, w orks in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.