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On March 2008 the price of fossil based petroleum fuel rose to its highest price in history 110US$/barrel. But in October of the same year the price of petroleum fuel dropped to its 2005 levels below 50US$/barell. Yet demand for fossil fuel will remain unchanged if nothing is done to stop the dependence from this product. It is predicted by petroleum exploration companies that there would be a continuous rise in the demand of petroleum fuels if nothing is done soon to reverse the trend. Many companies continue to invest in oil exploration. In the same year of 2008, at the UN food crisis summit in Jakarta, a huge number of countries expressed deep fears on the effects of climate change or global warming on food production due to the uncontrolled CO2 emission and unmonitored SO2 released by industrial countries and large developing countries. Among the primary cause of climate change is the burning of fossil fuels, releasing CO2 in the air. |
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The problem has captured our attention as we do our economic activities. Our economic activities should not destroy the very source life. For example, as more car sales increase, it also increases the production of CO2 which causes the price of food production to rise because of climate change. This is also true in the air transport and travel industry including the real estate and construction industry. CO2 production is killing the economic activity of the industry itself by rising the cost of food production that can cause a negative chain reaction to the economy of a country. As food production increases labor cost is severely affected because the purchasing power of laborers is reduced. It cannot be ignored that there is a direct link between environment and economics. In response to these events Green Earth Aerogel Technologies Ltd. was conceived to respond to the major needs and problems of modern society. It indirectly does this in 4 ways namely 1.)Promoting food production, 2.) reducing fossil fuel consumption through energy efficient products and thereby 3.) saving the environment, 4) providing excellent economic profits in green investments |