OPPORTUNITIES FOR THE BELGIAN ECONOMY

Brussels – 16 November 2009

www.econopolis.be

Geert Noels - Chief Economist en CEO Econopolis geert.noels@econopolis.be

Sustainable new deal ?

!! Increase competitiveness

"! Lower total manufacturing cost

"! Decrease energy dependence !! Generate growth

"! Create green jobs

"! Export know how and products "! Recovery from steep recession

!! Improve sustainability "! Achieve Kyoto more easily

"! Pepare for the inevitable

!! Environmental friendly "! Increase quality of life

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Economic stimulus plans around the world

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Source: A Climate for Recovery – the colour of stimulus goes green. (HSBC, February 2009)

Why is Belgium a good place for a “SND” ?

!! A small economy can be a PLUS (cfr. Israel, Denmark, NL, Iceland…)

"! Electrification of economy is easier

"! Smart grid less costly, more potential

"! Potential in housing

"! Public transport

!! Still high importance Industry

"! Automotive/mobility cluster can be an advantage

"! Huge potential in “best of class” energy efficiency

"! Interaction universities/industry

!! Resources

"! A lot of world-class resource companies (Lhoist, Carmeuse, Umicore, Bekaert, Etex, …)

"! Biomass

!! Coastal development

"! Development of coastal defense in combination with new activities (Vlaamse Baaien)

!! A lot of know-how already available

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Green job potential

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Source: UNEP, Green jobs towards decent work in a sustainable low-carbon world, September 2008

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Belgium has more to win due to its industry

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“Best technology” in industry

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A total view on energy and green is necessary

Most potential in construction and industry

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Source: Eurostat

Our houses are not green… (2)

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Source: Eurostat

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Belgium should go for passive construction

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Belgium lags in Green Cars

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!! Role of government ?

"! Not: subsidising existing car assembly plants

"! Incentives for construction of the car of the future

•! Public vehicles

•! Taxis

•! City access

!! Infrastructure for green cars

!! R&D and universities

!! Norms and regulation

Sustainability and the recession

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Source: MIT, October 2009

Strategy for a Sustainable New Deal

!! Industrial activities "!Automotive "!Energy

•! Going electric •! Green energy company •! Smart grid •! Challenging targets (eg. access of cities)

"! Industrial goods and services (chemicals,…) !! Housing

"!Passive houses "!City Planning

!! Universities !! Government

"!Cradle to cradle "!Norms "!Reference contracts "!Public-private financing "! Fiscal incentives "!Commit a part of the budget

15-11-2009 Geert Noels - FRDO/CFDD Seminar *&"

Econoshock: 40000 copies sold so far in the Benelux

15-11-2009 Geert Noels - FRDO/CFDD Seminar *'"

Information

Knowledge

-!Financial -! Economic

-! Sustainable -! Long term view

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15-11-2009

Econopolis: 3 activities, 1 focus

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An economic and financial blog with sustainable touch

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