Durban climate talks

Post-Durban, Vestas Ends 2011 With Over 6 GW of Orders

Countries like the Ukraine, Poland, Pakistan, and Brazil have not previously been required to reduce their greenhouse gas emissions. Last month at Durban, that changed. Orders from nations like these boosted year-end wind turbine business at Danish wind giant Vestas.

The company ended 2011 with a total 6.2 GW of orders, and said that late orders coming in will be included in its annual report due early February, which are expected to take the total over 6.5 GW.

The flurry of orders came a month after international climate negotiations in Durban, South Africa, delivered a surprise stipulation that every nation has agreed to, to share binding, international cuts in greenhouse gas emissions within just 8 years.

2% of Global GDP Invested in 10 Sectors — Result: A ‘Green Global Economy’

Directing “just 2 percent of global GDP into 10 key sectors would kick-start” the global transition to a more sustainable, ‘Green Economy,’ according to a UN Environmental Program report. All the elements to enact a transition to a “low-carbon, resource-efficient and socially inclusive global economic model” are here now, and businesses and governments are already promoting and fostering greater investments in 10 key sectors UNEP has singled out: agriculture, energy, buildings, water, forestry, fisheries, manufacturing, waste, tourism and transport.