That's right. It pays to be green. According to a story by Fiona Harvey published in the September 18, 2009 Financial Times (the London version of the Wall Street Journal), "[b]usinesses selling low-carbon goods and services now generate more revenue than the aerospace and defence sectors combined, making the sector one of the new linchpins of the global economy."
And that global turnover reached $534bn for "companies in the climate change sector - including renewable-power generators, nuclear, energy management, water and waste companies," versus about $530bn total for the other two sectors. And the numbers are increasing at rates far beyond the initial predictions, which hadn't figured on reaching this level until 2050.
So it seems the smart and innovative money is on the low carbon industry. Guess those climate change denialists are going to lose out on the big bucks.
Read Fiona Harvey's full article here.
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Comments: 39
That's not what my politicians told me. They said going green would cost millions of jobs. Could they have been wrong?
Seems we need to educate some politicians.
I fear that education will not be enough. I have noticed a certain tendency to ignore the truth in politicians. Could it be that they really have no interest in the truth but only in their power, their wealth, and their position in the world?
Going green has many advantages and no disadvantage that I know of. Companies also realise that the majority of the public is for cleaning up the environment and in the end it will benefit the corporate interest to support the public will on going green.
In honor of it, please allow me to share one of my favorite quotes :
“What's the use of a fine house if you haven't got a tolerable planet to put it on?” (Henry David Thoreau)
Cheers!
Personally, I'm not arguing. I accept that this is likely to be one of the few growth areas in the economy over the next ten to thirty years.
Any claims of green power being solely from government incentives is specious and cynical. The big oil companies STILL get huge government incentives, despite having hundreds of offshore leases they aren't exploiting and despite making record profits. Incentives are how a government can encourage private enterprise to move toward preferred policy during the phase-in period when ROI takes a while as supply and demand picks up and eventually balances. That's why they call them incentives.
http://www.thedailygreen.com/living-green/blogs/cars-transportation/electric-highways-electric-cars-460909
Here's the link to the URL Tim posted above.
Being green can make more money. It's the whole idea behind The Natural Step.
http://www.naturalstep.org/
Working for a company that cares about the planet also means you are working for a company that cares about people. That bodes well for both employees and customers.
They are praying that Texas and Alaska will bring oil back into favor. Poor deluded souls.
Thanks for posting the good news.
Thanks for sharing, David.
GreenBiz
Sustainable Business
That may be why Newsweek's New Green Corporate Rankings are such a big deal.