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Global climate change industry is now worth more than $528bn

Posted By admin On September 18, 2010 @ 5:29 am In Featured Stories,Sci Tech | Comments Disabled

Sarah-Jane Tasker
The Australian [1]
Sept 18, 2010

THE global climate change industry is now worth more than $528bn, powered by China’s rise as one of the top nations for climate revenues.

As the debate on setting a price on carbon in Australia continues, HSBC Global Research issued a report on climate change that showed the sector had proved resilient to the global slowdown, seeing less than a 0.9 per cent decline in revenues in 2009, as companies push ahead with plans despite political uncertainty over green policies.

“Despite concerns over the risks that governments may retreat from their pledges to deliver emission reductions and continuing uncertainty surrounding the withdrawal of regulatory incentives in key markets, global climate revenues have held up remarkably well and in 2009 stood at $US530bn for listed companies,” the report says.

The headline figure is greater than the global wireless telecoms services sector and comparable to the GDP of Switzerland, the report says.

Full article here [1]

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URLs in this post:

[1] The Australian: http://www.theaustralian.com.au/business/china-powers-booming-world-climate-change-industry/story-e6frg8zx-1225925596796

[2] Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43

[3] Image: http://infowars-shop.stores.yahoo.net/post4rioffe.html

[4] IPCC report into global warming ‘played down positive impact of climate change’: http://www.prisonplanet.com/ipcc-report-into-global-warming-played-down-positive-impact-of-climate-change.html

[5] Global network necessary to confront climate change crisis, says Ban: http://www.prisonplanet.com/global-network-necessary-to-confront-climate-change-crisis-says-ban.html

[6] At last, man-made climate change is a threat – engineered by the global-warming fanatics themselves: http://www.prisonplanet.com/at-last-man-made-climate-change-is-a-threat-engineered-by-the-global-warming-fanatics-themselves.html

[7] Copenhagen climate change: ‘US should spend as much on global warming as war’: http://www.prisonplanet.com/copenhagen-climate-change-us-should-spend-as-much-on-global-warming-as-war.html

[8] “Climate Change” Scamsters to go Global: http://www.prisonplanet.com/climate-change-scamsters-to-go-global.html

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