Clean energy to grow into 1.6 trillion euros industry: WWF

Dec 10, 2009
Wind turbines off the coast of Spain. The clean energy technology sector will grow into a 1.6 trillion-euro (2.4 trillion-dollar) industry by 2020, becoming the third largest industrial sector after automobiles and electronics, WWF said Friday.

The clean energy technology sector will grow into a 1.6 trillion-euro (2.4 trillion-dollar) industry by 2020, becoming the third largest industrial sector after automobiles and electronics, WWF said Friday.

The clean energy industry, which includes infrastructure, insulation, solar panels and bio-ethanol treatment production, generated 630 billion euros in revenues in 2007, a sum that has already surpassed that of the global pharmaceutical industry, said WWF.

"This is the clean economy growth happening now with only a partial international framework supporting clean , patchy national support for green energy and huge subsidies to fossil fuel use," said Kim Carstensen, leader of WWF’s global climate initiative.

"Imagine what is possible with a successful Copenhagen climate deal and the national mechanisms to deliver its outcomes -- clean energy is where the money is going to be and this is where energy security is going to be," she added.

Germany, the United States and Japan currently lead clean energy sales, according to 2008 data cited by the WWF.

China is ranked fourth in absolute sales, but is expected to take up a "rapidly increasing share" in coming years.

In terms of sales relative to gross domestic product, however, it is Denmark, Brazil and Germany which are leading the scale.

Denmark is leading wind energy and insulation products, while Brazil has a massive bio-ethanol industry.

Germany, meanwhile is a specialist in solar and wind energy products.

"Clearly, from a national perspective there is much to gain and nothing to lose from investing in ," said Donald Pols, Head of the Climate Programme at WWF-Netherlands.

"Forgoing these opportunities for the sake of propping up an aging, polluting fossil fuel sector for as long as its lobbying power remains significant is acting for vested interests not the national interest."

Some 194 nations are meeting in Copenhagen under the UN Framework Convention on Climate Change (UNFCCC), seeking to secure an agreement spelling out national pledges for curbing heat-trapping carbon emissions.

Over the past 250 years, atmospheric concentrations of these invisible, odourless, tasteless gases have risen, propelled by the unbridled use of coal, oil and gas.

The envisioned December 18 accord will also pump hundreds of billions of dollars in aid to poor countries, providing them with new and clean technology and the means to toughen their defences against the impact of climate change.

(c) 2009 AFP

Explore further: Pact with devil? California farmers use oil firms' water

Related Stories

China joins U.S. FutureGen project

Dec 16, 2006

China has joined the United States in the FutureGen International Partnership, a plan to develop clean-burning coal, the U.S. Department of Energy said Friday.

Solar energy has potential to dominate by 2030

Nov 16, 2005

Professor Andrew Blakers from The Centre for Sustainable Energy Systems at the Australian National University will today report to the Greenhouse 2000 Conference in Melbourne that photovoltaic (PV) solar energy ...

'Green' job sector off to good start

Jun 11, 2009

THE CLEAN TECHNOLOGY SECTOR -- where the "green" jobs are found -- is very much in its infancy, but off to a "strong start," according to a first-of-its-kind report released Wednesday.

Taiwan plans massive growth in solar energy

Dec 04, 2009

Taiwan plans to boost its use of solar panels by a factor of 200 over the next decade and a half in an effort to increase clean energy, a ranking official said Friday.

Recommended for you

Gimmicks and technology: California learns to save water

Jul 03, 2015

Billboards and TV commercials, living room visits, guess-your-water-use booths, and awards for water stinginess—a wealthy swath of Orange County that once had one of the worst records for water conservation ...

Cities, regions call for 'robust' world climate pact

Jul 03, 2015

Thousands of cities, provinces and states from around the world urged national governments on Thursday to deliver a "robust, binding, equitable and universal" planet-saving climate pact in December.

Will climate change put mussels off the menu?

Jul 03, 2015

Climate change models predict that sea temperatures will rise significantly, including in the tropics. In these areas, rainfall is also predicted to increase, reducing the salt concentration of the surface ...

As nations dither, cities pick up climate slack

Jul 02, 2015

Their national governments hamstrung by domestic politics, stretched budgets and diplomatic inertia, many cities and provinces have taken a leading role—driven by necessity—in efforts to arrest galloping ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

omatumr
3.7 / 5 (3) Dec 11, 2009
Is this story based on a WWF's crystal ball or do they have an astrologer on staff?

With kind regards,
Oliver K. Manuel

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.