Why Hanwha Supports a Green New Deal

With Earth’s surface temperatures, extreme weather events, and sea levels all on the rise, the evidence of climate change has become undeniable. As people become increasingly aware of and affected by climate change’s long-term effects, they are taking action to reduce their environmental impact with sustainability campaigns being enacted around the world. But there’s so much more that can be done to call the public to action and help the environment.

Because of this, governments and corporations around the world are proposing that action be taken under a banner that is easy to understand: a “Green New Deal”.

Harkening back to the New Deal public works projects, financial reforms, and regulatory changes enacted by U.S. President Franklin D. Roosevelt in the 1930’s, the concept encompasses loosely connected proposals that lay out a plan to definitively tackle the effects of climate change.

Implementing a Green New Deal would require the adoption of operational models that reduce resource consumption and greenhouse-gas emissions while boosting renewable-energy production, switching to sustainable-transport solutions, and improving recycling capabilities. Achieving this will require significant investments and large-scale-infrastructure projects that will stimulate national economies and create new jobs.

There isn’t a single Green New Deal. Instead, the term is used to describe a collection of proposals put forward by governments, NGOs, and private corporations, each aimed at reducing humanity’s environmental impact in significant ways.

Green New Deal proposals being put forward around the world include:

Hanwha is a firm supporter of sustainable technologies and renewable energy. As Green New Deal policies and projects get set up around the world, Hanwha is establishing a new and sustainable infrastructure network and developing new technologies to help clean up the global environment.

To demonstrate its commitment, Hanwha participated in the 2020 Green New Deal Expo held in Seoul, Korea, where it displayed the new eco-friendly products and technologies – including green hydrogen production and renewable energy generation – it has in development. Central to Hanwha’s booth at the event was a large model city that showed how its proposed new green infrastructure will operate.

People around the world are becoming increasingly aware of the strain fossil fuels and single-use products are placing on the environment. There is increased pressure, now, for governments and corporations to act for the benefit of the world’s ecosystems.

As Green New Deals take shape and unfold, Hanwha and its businesses will be at the forefront, spearheading positive changes to create a cleaner and safer environment for future generations.