Getting in early as China cleans up: "Stories on environmental disasters come out of China and other Asian developing countries regularly. A review of impacts and the resulting investments: "Environmental damage from pollution is costing China the equivalent of 7.7 percent of gross domestic product annually .. Other sobering statistics in the report, called "Connecting Asia," include estimates of 6.4 million work years lost annually in China to air pollution, 178,000 premature deaths in major cities every year caused by the use of high-sulfur coal and the fact that 52 urban river stretches have been so contaminated that they are no longer suitable for irrigation. ..
[Investment manager] Sorenson said that in terms of environmental standards, "China is now where the U.S. was in the late 1960s" [when disasters and new laws] changed the way U.S. companies conducted business. A similar process was seen in Japan, spurred by the Tokyo Olympic Games of 1964, and in South Korea, when Seoul was host of the Olympics in 1988. There is much hope that the 2008 Games in Beijing will prove as seminal in China's environmental development. .. In November, [China's] State Environmental Protection Administration estimated that the government would spend around $156 billion in environmental protection from 2006 to 2010. ..
Sorenson's FE Clean Energy Group is currently putting together an Asia fund, which Sorenson expects to total around $75 million. .. [Another is] the China Environment Fund, set up in 2001 by Tsinghua Venture Capital Management, a fund management company affiliated with Tsinghua University in Beijing. Catherine Cao, executive director of the firm, said that its third fund should be ready by the end of 2006 and aims to raise $50 million. Two previous funds [were] $13 million and $30 million..
The easiest means of entry for small investors still remains the mutual fund. The Impax Environmental Markets fund of £45 million, or $79 million, rose by around 32 percent in 2005. Among its biggest holdings are Casella Waste, a U.S. waste disposal company, Kurita Water of Japan and Horiba, a Japanese environmental testing company." Other options: big utilities, especially European, operating in Asia; Shenzhen Dongjiang Environmental, listed in Hong Kong; canada's Zenon Environmental; Nordex of Germany; solar companies Kyocera and Sharp. [via Salon] 11:33:41 AM