Thursday, September 2, 2010

South Korea on the right track towards Tom Friedman's "Code Green"?

Hanwha Chemical Corp. may then double its revenue in 2015 by increasing production of components used in solar-power panels and rechargeable batteries. Hanwha is really investing their money into solar, that they even had their first acquisition with an overseas solar company, Solarfun Power Holding Co. of China.
South Korean companies are betting orders for solar-power equipment will rise as governments take steps to cut carbon emissions blamed for global warming. The country's 30 major industrial groups, including Hanwha's parent Hanwha Group, will invest 22.4 trillion won by 2013 in clean-energy development, according to the energy ministry.
I think what South Korea is trying to achieve is great. Our world obviously needs a better energy source because our fossil fuels aren't going to last forever. Hanwha has a great idea by putting most of its money into solar power and not only that they are making rechargeable batteries for cars. Rechargeable batteries are a great idea because we don't need to waste the materials needed to make a car over and over again when we can easily recharge the battery and have the car last much more longer and that also cuts out a lot of the bad emissions with a battery car.

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