technology expected to grow to $800 billion by 2012
Access to clean technology remains the focus
for the global transition to a resource-efficient and green economy.
In 2009, global investments in renewable energy power generation
($140 billion) far exceeded that of fossil-fuelled power generation
New analysis from Frost & Sullivan finds that the global
market value of traditional environmental goods and services,
renewable energy and emerging low-carbon activities was estimated
at $7,770 billion in 2007-2008, with a growth potential of 45.0
percent by 2015.
With the rise in energy costs and escalating threat of global
warming, many businesses are recognizing that the use of green
technology will help them reduce their carbon footprints and
Over the last decade, many countries in the Asia Pacific have
stepped up initiatives to preserve the environment. Japan, South
Korea and Australia are at the forefront of this drive, while
emerging economies such as China and India intend to sustain
their current pace of public and private investment in all areas
of the environment sector including renewable energy, waste management
and green technologies.
China and India, with the highest emission intensity index of
1.51 and 1.17, respectively, have vast potential for improvements
in the implementation of green practices. Stringent government
policies as well as heavy investments in green energy will raise
the level of commitment in the public and private sectors.
Emerging economies such as Indonesia and Vietnam tend to accord
low priority to environmental issues due to their more pressing
concerns regarding high poverty levels and weak governance systems.
Thailand still lacks consistency in the development and resolution
of environmental issues even though it was among the first Southeast
Asian countries to promote an industrialization policy based
on fostering foreign investment.
Despite the lackadaisical performances of certain countries,
the overall outlook for the environment industry is positive.