February / March 2010
C&E climate change revenues grew by 15% to reach $4.8 billion in 2009 (not including construction revenues), and CCBJ's subset of core climate change consulting services saw 17% revenue growth to end the year with $780 million in revenues. Drawing on industry leaders, survey respondents and third-party research, CCBJ projects 20-25% growth in this segment through 2012 in a "conservative" scenario that posits no federal climate change legislation.
As first highlighted in our January 2010 Professional Services edition, a formidable array of non-legislative factors are driving the market in the U.S.
Inside this Edition
- Publicly held corporations are being held accountable by investors and lenders-and soon the SEC-to disclose their carbon liabilities and clarify their responses to carbon costs and the physical impacts of climate change.
- Consumers and businesses are demanding that suppliers take action to become more sustainable and to lessen their GHG footprints.
- State governments and local governments are adopting climate policies.
- The renewable energy business is growing through the recession because of the ARRA stimulues package and state renewable portfolio standards.
As might be expected when an industry is growing during a recession, competition is intense in the C&E climate change consulting segment, as new firms enter and existing players build out their practices into new markets. Our survey results show that many firms are still getting up to speed internally: only 57% have a dedicated climate change practice leader, 40% have a business development leader focused on climate change services and only 34% have a training or mentorship program.
The edition also highlights new business opportunities and parses the messaging firms use as they seek to position themselves as capable of guiding large corportations through the incredibly uncertain climate in the United States and other countries lacking firm GHG reduction targets.
Firms profiled include: AECOM, CDM, Environ, Fluor, Huron, MWH, O'Brien & Gere, Worley Parsons and others.
Additional features:
Renewable Energy Market Update. Martin Pasqualini of CP Energy, a leading advisor to renewable energy developers and lenders, describes the recovering markets for wind and solar PV development.
Insurance Industry Starts to Incorporate Climate Change Interview with two leading re-insurers-Swiss Re and Lloyd's-reveal the insurance industry's thinking about how it will incorporate climate change in insurance policies.
Look inside the Environmental Consulting & Engineering
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