TAIPEI (Reuters) – Outdone by an tower extending over 800 meters in Dubai, the world’s former tallest building, Taipei 101, wants to become the highest green structure by completing a checklist of clean energy standards, a spokesman said on Monday.

Taipei 101 will spend T$60 million ($1.9 million) over the next year to meet 100 criteria for an environmental certificate that it would hold over Dubai, spokesman Michael Liu said.

The office-commercial tower that reigned for five years as the world’s highest building at 509 meters (1,670 feet) expects the U.S-based Leadership in Energy and Environmental Design to give it the certificate in 2011.

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The economy has entered a stage of worldwide recession and pessimists argue that “renewable energy” is a bubble about to burst. Be it a smart decision to now publish a book in this field or not, “Investing in Renewable Energy: Making Money on Green Chip Stocks” is out to prove that it is.

Author Jeff Siegel (→ read interview) wants to show his readers how to position their portfolio to achieve long-term investment success in the renewable energy field. He aims to explain how to tap into this market early, and logically, in order to capture unparalleled profits.

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