18 Sep 2009:
Surges Past Aerospace and Defense Sectors
The world’s climate-related business sector grew by 75 percent in 2008
, with revenues climbing to $530 billion, passing global aerospace or defense industries, HSBC Global Research has reported. By 2020 it could reach $2 trillion, far exceeding a 2006 Stern Review analysis that predicted climate-related revenues reaching $500 billion by 2050. HSBC analysts say revenue has shattered forecasts because more and more businesses are adapting their business models in the face of climate change concerns. Seventy-six percent of revenue occurred in the United States, Japan, France, Germany, and Spain. To reach the projected $2 trillion figure by 2020, the report notes, the climate sector will need continued government support and the world must continue to change the types of energy it produces. According to the HSBC report, the major areas of investment will be production of low-carbon energy, energy efficiency, climate-related finance, and management of water, waste, and pollution.
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A look at how acidifying oceans could threaten the Dungeness crab, one of the most valuable fisheries on the U.S. West Coast. Watch the video.
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An aerial view of why Europe’s per capita carbon emissions are less than 50 percent of those in the U.S. View the photos.
An indigenous tribe’s deadly fight to save its ancestral land in the Amazon rainforest from logging. Learn more.
video series looks at the staggering amount of food wasted in the U.S. – a problem with major human and environmental costs. Watch the video.
Residents of the Chocó Rainforest in Ecuador are choosing to plant cacao over logging in an effort to slow deforestation.
Watch the video.
Tribal people and ranchers join together to stop a project that would haul coal across their Montana land. Watch the video.