CCBJ Releases Survey Results for Climate Change Consulting

CCBJ Releases Survey Results for Climate Change Consulting

News Release -- San Diego, Calif. -- The climate change consulting business - one of nine segments tracked by Climate Change Business Journal as part of the climate change industry - grew 4-6% in 2011 to revenues of $800 million for core services in the United States, according to CCBJ's recently published edition on Professional Services in Climate Change Consulting.

Core climate change consulting services include corporate compliance & planning for climate change; strategic advisory services relating to climate change; emissions trading and offsetting; climate research; and climate adaptation analysis & planning.*

Purchase CCBJ's 2012 edition on Professional Services in Climate Change Consulting (6 charts, 20 pp, 14,000 words) for $150

Growth was dramatically slower than the 20-30% recorded in 2008, but considering the severity of the economic downturn and the failure of Congress to pass federal climate change legislation, "it shows that while U.S. policymakers have pulled the plug for now on climate initiatives, corporations have not," said Grant Ferrier, publisher of CCBJ. "Federal climate change legislation has been long anticipated as a market driver that would really move the arrow on this market, but in its absence clients are still hiring professional services firms to advise them on climate related issues."

Demand for professional services in climate change consulting is being spurred by GHG reporting standards at the state level in the United States and in other countries; greening of the supply chain; and risk management, among other factors, according to CCBJ.

Emerging Trends in Climate Change Consulting
In its second annual edition on Professional Services in Climate Change Consulting, CCBJ identifies three emerging business trends:

Service firms are finding greater success in marketing the economic benefits of sustainability rather than emphasizing climate change. "Clients are grasping the value proposition that investment in sustainability can yield lower energy and resource costs," said Jim Hight, CCBJ senior editor. "Getting clients to think of carbon emissions as a waste product and as proof of inefficiency can unlock the door to climate change consulting."

More corporations are addressing greenhouse gas (GHG) in the supply chain. World Resources Institute reported to CCBJ that momentum is building for Scope 3 emissions management by major CPG and industrial manufacturing companies, especially after the October 2011 release of new GHG accounting standards.
Climate risk analysis and adaptation is a growing concern for client companies with far-flung supply chains. "Beverage and power companies, for example, are heavily reliant on water supply and need to know and mitigate their risks when doing business in locales where water supplies may be vulnerable," said Hight.

Environmental C&E Firms Lead the Market
Environmental consulting & engineering firms like CH2M Hill and ERM currently lead the $800 million U.S. climate change consulting market with 23% share of total revenues in core services. Management consultancies like McKinsey and Boston Consulting Group follow with 18% marketshare; and law firms such as Mintz Levin and Hogan Lovells represent 15% of the market. The balance of the market is served by assurance firms, energy consulting firms and specialist climate change or sustainability firms.

Inside this edition:

  • Results from CCBJ's Survey of Professional Services Firms
  • CCBJ's 2011 Survey of Climate Change Law Practices
  • U.S. Core Climate Change Consulting Market by Service and Provider
  • Trends in Scope 3 Emissions Accounting
  • Company Profiles: Deloitte, Mintz Levin, Hogan Lovells, Van Ness Feldman, KEMA, Cambridge Systematics, and Synapse Energy Economics

*Note: The broader climate change consulting segment also includes consulting & engineering services directly related to the climate change industry such as: renewable energy permitting and contracts; energy efficiency audits, design and implementation; and green building services.

Purchase CCBJ's 2012 edition on Professional Services in Climate Change Consulting (6 charts, 20 pp, 14,000 words) for $150

For comment and access to research, contact:
Grant Ferrier, President, EBI Inc.
619-295-7685 ext 15
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