Siemens Eyeing $2.7 B in Cost Savings from 'Clean' Technology Use

Manila Bulletin, February 14, 2011 | Go to article overview

Siemens Eyeing $2.7 B in Cost Savings from 'Clean' Technology Use


SINGAPORE - German firm Siemens AG has projected potential cost savings of 2.0 billion euros ($2.7 billion) from various projects or clean technology deployments that would elevate the rankings of various Asian cities notches higher into the global green race.

In a press conference here unveiling the study outcome of the Asian Green City Index undertaken by Economist Intelligence Unit (EIU), Siemens Chief Sustainability Officer Barbara Kux emphasized that bulk of the estimated savings will be generated from energy consumption and energy efficiency initiatives.

The green city benchmarking for Asia has considered eight indices measured on relatively equal weightings.

These are: energy and carbon dioxide emissions; land use and buildings; transport; waste; water; sanitation; air quality and environmental governance.

Ms Kux stressed that the moves of cities to shift to greener technologies and practices would also be one way to fight 'inflationary pressures' especially at this time when energy prices are on incessant climbs. "Sustainability also mean being lean," she enthused, adding that shift to 'green technologies' does not necessarily mean expensive.

Bequeathed the recognition as the greenest city in Asia in Singapore - mainly citing the lion state's NEWater experiment as among the best practices wherein it turns wastewater into a clean resource feasible for human consumption and industry use through micro-filtration, reverse osmosis and ultra-violet technology deployment. …

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