FinSoul: General Electric (GE) sees great returns from China’s green tech sector.

Dec. 17, 2009 - PRLog -- Finsoul believes new reports show that GE, the world’s largest company in 2009 according to Forbes, has seen a 50% growth in sales in the first nine months of this year.

With U.S. and Chinese negotiators struggling to find common ground at the Copenhagen climate talks, the engineering giant is pointing out the massive financial and environmental benefits that are possible from co-operation between the to world leaders.

General Electric, which FinSoul research shows, employs more than 323,000 people around the world, revealed that its Ecomagination clean tech products and related services generated sales in China of around $656m in the first 6 months of 2009, indicating a 50% improvement on the same period during the previous year.

The reports went on to indicate these fast growth rates are unlikely to abate, with 20 new memorandums of understanding signed with both local and central government bodies and a further 10 agreements with state owned enterprises and Chinese universities this year, with the majority of these focused on energy efficient solutions.

The firm says it is heavily invested in developing a wide range of low carbon products, which include water management and smart grid systems, clean coal technologies and wind turbines, adding that its performance in China was an indication of that country’s commitment to environmental improvements and greenhouse gas emission cuts.

# # #

FinSoul structures and guides greenhouse gas emission reduction projects from beginning to end, working with both project developers and buyers of emission reduction credits.