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Low Carbon Economy worth >$3 Trillion |
01 April 2008 |
*Key figures of this Trillion-dollar market:
* Rising Energy Demand - Spending on global supply infrastructure will exceed $15 trillion through 2030 according to the International Energy Agency.
* Stern Review - The Stern Review suggests committing 1% of GDP ($350-480billion/year) to cut carbon emissions.
* UNFCCC - The United Nations Framework Convention on Climate Change says that to mitigate climate change, we would need $200billion/year or 0.3% of global GDP.
* Carbon trading schemes - According to Point Carbon, the market has tripled to more than $60B in the past year. It will be worth more than $1 trillion within a decade, says New York Times.
* Voluntary carbon markets - According to Katoomba, this market grew 200% last year and is currently worth over $100M.
* Energy productivity/efficiency -The McKinsey Global Institute has indicated that we must invest $170 billion/year, to reduce global energy demand by half.
* Renewable energy - According to Ernst & Young global investment in renewable energy could reach US$750bn within the next ten years. US bank Morgan Stanley estimates the US market for clean energy sources-like wind, solar, geothermal, and biofuels-could top $1 trillion by 2030.
* Institutional investors - The Carbon Disclosure Project, an organization representing over $41 trillion in assets, is asking for more action on climate change and the full disclosure of carbon emissions by all FT500 companies.
* Next US President - All US presidential candidates (Obama, Clinton & McCain) have hinted at joining post-Kyoto negotiations and forming a national carbon cap-and-trade scheme that would be worth $150 Billion by 2012.
* Consumers - bought low-carbon goods, which was worth £4.1B in the UK alone in 2006 according to the Co-operative Bank.
* Clean technology - According to New Energy Finance, investors poured more than $150B in 2007 in clean-tech.
Source: Epsilon Research www.epsilon-research.com
Found on website: http://press-releases.techwhack.com/17654-climatecapital |
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