In the Black: The Growth of the Low Carbon Economy - Summary Report
- 31 August 2007
Summary Report highlighting key facts from In the Black: The Growth of the Low Carbon Economy.
It showcases the rapid growth experienced by companies providing innovative low carbon products and services.
Data gathered from four countries - Germany, Japan, the UK and the US - and from four key areas - Low Carbon Power, Energy-Smart Products, Low Carbon Vehicle Technologies and Low Carbon Financing/Carbon Markets - provides a growing body of evidence of the increase in revenue, profits and jobs being generated by companies taking the lead in providing climate change solutions.
This is, in turn, exciting interest from investors and financial institutions that recognize these companies' growing need for capital and the opportunities for value creation they offer.
Headline findings from the report include:
- More than two million people are employed in the renewables sector globally, and more than 170,000 jobs were created in 2006 alone.
- The market capitalisation of the 85 largest renewable energy companies reached US$50 billion in 2005, double that of 2004.
- In the US, hybrid car sales have grown by 2,200% since 2000, and hybrids are expected to reach 1 million in unit sales globally by 2010 and more than 7.5 million by 2020.
- In 2006, investments in renewable power reached US$71 billion, almost 50% up on the previous year.
- In 2006, transactions on the global carbon market reached US$29.7 billion in value - over triple the value for 2005.