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.
Yale Environment 360 is
a publication of the
Yale School of Forestry
& Environmental Studies
Yale Environment 360
articles are now available in Spanish and Portuguese on Universia
, the online educational network. Visit the site.
Business & Innovation
Policy & Politics
Pollution & Health
Science & Technology
Antarctica and the Arctic
Central & South America
Photographer Robert Wintner documents the exquisite beauty and biodiversity of Cuba’s unspoiled coral reefs. View the gallery.
is now available for mobile devices at e360.yale.edu/mobile
The Warriors of Qiugang
, a Yale Environment 360
video, chronicles a Chinese village’s fight against a polluting chemical plant. It was nominated for a 2011 Academy Award for Best Documentary Short.
Watch the video.
Top Image: aerial view of Iceland
. © Google & TerraMetrics.
A three-part series Tainted Harvest
looks at the soil pollution crisis in China, the threat it poses to the food supply, and the complexity of any cleanup. Read the series.