Dawn of the Climate Change Industry (excerpt)
…There is a realization among policymakers and economic development types that certain sectors will benefit from climate change policy. Meanwhile, a new breed of entrepreneurs and investors are devoting themselves to renewable energy, carbon trading, green building, carbon capture and storage, the bioenergy industry, low carbon energy, energy efficiency, and other apparently unrelated segments of the cleantech market…
The CCBJ view is that these and other segments are converging in what we call the Climate Change Industry. The CCBJ mission is to research, characterize and quantify the Climate Change Industry, which currently consists of nine business segments. While a detailed quantification is in process, current estimates of key segments peg the Climate Change Industry on the order of $100 billion in the United States in 2006 and $300 billion worldwide. Largest contributors to these totals are transportation (both alternative fuels and vehicles), clean energy or low-carbon energy (mostly renewable energy systems and power sales), and green building—each growing at 20-30% annually. Just as central to the development of the industry in its early stages, however, will be two segments profiled in this inaugural issue: Carbon trading and consulting & engineering….
This edition features a detailed overview of Carbon Markets and Carbon Trading, a glossary of carbon market terms, estimates of the size of the global carbon market, profiles of carbon credit brokerages in the U.S. and Europe, emissions trading, strategies of consulting & engineering firms, offsets in agriculture and forestry, and the voluntary credit offsets market.
Look inside other CCBJ Editions
Other recent editions of Climate Change Business Journal look in detail at the renewable energy business, carbon trading, carbon capture and storage, the solar energy industry, the wind energy industry, the biofuels business, the bioenergy industry, and the green building business. Each issue includes trend analysis and market size and growth estimates. Facets of the cleantech market to be covered by CCBJ in coming months include an Overview of the Climate Change Industry and its nine business segments as defined by CCBJ, in addition to the geothermal power industry, energy efficiency business, demand response, the clean energy business, the energy storage business, and the greenhouse gas market.
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