First Annual Overview of the Climate Change Industry

January/February/March 2009
Volume 2, Nos 1, 2, 3

CCBJ estimates the global climate change industry at $171 billion in the US. and $615 billion globally in 2008. While growth in 2009 will be flat due to the global recession, we expect growth to resume in 2010, with the industry reaching $380 billion in the U.S. and $960 billion worldwide by 2012.

Segments related to depressed industries such as green buildings and transportation will have a longer struggle to return to pre-crisis momentum. On the other hand, U.S. federal funding for renewable energy, grid infrastructure and energy efficiency will boost the low-carbon and renewable power and energy efficiency/demand response segments of the climate change industry as defined by CCBJ.

This edition also analyzes the advanced waterpower segment (wave, tidal, river-instream), covers the latest evolutions in the voluntary and mandatory carbon markets, delves into the the impact that the ARRA federal stimulus legislation will have on renewable energy projects and offers divergent perspectives on the emerging policies that will drive the climate change industry.

Inside this edition:

  • The American Recovery and Reinvestment Act (ARRA): CCBJ begins its coverage of the epic ARRA legislation with a focus on how changes in tax credit policies for renewable energy will affect project finance for wind, PV, geothermal and other projects. Future editions will cover other aspects of what ARRA brings to the climate change industry, including federal procurement, R&D funding for technology and alternative-fuel vehicles.
  • Survey Results: Professionals from all segments of the Climate Change Industry rank elements of the ARRA, describe their firms' perspective on specific opportunities, comment on what types of contractors will be most likely to get work from the federal government and offer ideas for measuring the impacts of the ARRA.
  • Global Carbon Market Overview: Analysts from New Carbon Finance, First Climate Group, Evolution Markets and other leading firms parse the fallout from recession-fueled declines in carbon prices and look ahead to Phase 3 of the EU ETS, the impact of RGGI, the emerging regional markets in the U.S. and the prospects of cap and trade coming to the U.S.
  • Investor perspectives: VC investment in the climate change industry and related cleantech segments dropped from a Q3 2008 peak of $2.6 billion to $1 billion in Q1 2009, but some $400 billion in government stimulus funding from G20 nations has been earmarked for renewable energy, grid modernization, advanced vehicles and other cleantech segments.
  • Advanced Waterpower: Hydropower dams provide about 17% of global electricity production, and, despite controversies over environmental and social impacts, new dams are being built around the world. But new hydrokinetic technologies are emerging that generate power without dams. CCBJ covers wave energy devices, river instream energy converters and tidal instream energy converters, including profiles of Pelamis Wave Power, Hydro Green Energy and Free Flow Power.
  • Guest perspectives: Analyses and forecasts regarding the climate change industry from Energy Central's Sierra Energy Group, HSBC Climate Change Centre of Excellence and ICF International.

Additional companies: Barclays Capital, Parsons Brinckerhoff, The CarbonNeutral Co., The Cleantech Group, DLA Piper, Det Norsk Veritas, E.On UK, Earthscan, Ecosystem Marketplace, Electric Power Research Institute, Environmental Capital Group, GE Energy Financial Services, Khosla Ventures, Marine Current Turbines, Norsun, Norvento Enerxia, npower renewables, Oceanlinx, Ocean Prospect, OpenHydro, Pacific Gas & Electric. Preqin, Prometheus Institute, Quercus Trust, SAIC, ScottishPower Renewables, SeaRoc, Sierra Energy Group, Sierra Solar Power, Solar Power Partners, SolFocus, Trucost Plc, Verdant Power, Verdantix Ltd.

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