• 1 day The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 5 hours European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 3 days Demonising fossil fuels has caused major grid problem in Australia
  • 7 days "And this is perhaps the most dangerous kind of government there can be."
  • 2 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 4 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 329 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 6 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
Jess McCabe

Jess McCabe

Jess is a writer for Environmental Finance.Environmental Finance is the leading global publication covering the ever-increasing impact of environmental issues on the lending, insurance, investment…

More Info

Premium Content

Clean Tech Spending Set to Double Over the Next Two Years

Spending by large businesses on sustainability initiatives such as energy efficiency and clean-tech innovation could double in the next two years, according to analysis firm Verdantix.

Business sustainability spending to double by 2013? (Photo credit: Keith Ramsey)

For large companies, with annual revenues of more than $1 billion, in Australia, North America, the UK and the US, spending on these programmes will reach $60 billion, the London-based research house estimates.

However, the firm was not able to provide Environmental Finance with a worldwide estimate of current spending around the world, or the projected amount to be invested in the crucial year of 2013.

Verdantix director David Metcalfe said: “By 2013, a powerful mix of market drivers, led by the forecasted global economic rebound, will significantly increase strategic investment in sustainability programmes. The arrival of the 2013 tipping point will be good news for cash-strapped clean-tech innovators and struggling sustainability entrepreneurs.”

A ‘perfect storm’ of three factors will create the tipping point, according to Verdantix.

Green execs and tougher policy to drive expenditure

These are the rise of ‘sustainability executives’ who act as agents of change in their businesses; the acceptance of the concept of sustainable business, viewing environment and energy issues in terms of natural resource costs, risky environmental impacts and changing sources of competitive advantage; and a receptive business context, as executives look to rising demand in Asia, tougher policy and evidence of the impacts of sustainability on business growth.

The conclusions are based on four years of research into sustainability markets, Verdantix said. 2013 is also the starting year of the third phase of the EU’s Emissions Trading System, which will set tougher caps for emitters in the bloc, and it is the first year after the Kyoto Protocol’s first commitment period comes to a close.

Janet Lin, New York-based senior manager of Verdantix, noted that attitudes to sustainability and clean-tech have changed tremendously the last four years. “In 2007, many investors and executives believed global policy on climate change would create a vast new carbon market and consumers would demand ‘green’ brands,” she said.

“Today, the perspective is more complex and the market opportunity is more significant. Executives who have taken on board the sustainable business belief system will benefit when the 2013 tipping point kicks in.”

Verdantix defines business sustainability investments as: “Spending on employees, equipment, consulting, implementation and support services directly linked to a firm’s strategic, operational and commercial objectives to achieve sustainable business goals linked to resource efficiency, risk management, innovation and competitive advantage.”

As such, the analysis doesn’t include energy consumption, investment flows, mergers and acquisitions, utility-scale renewable energy projects, trading in environmental assets such as carbon credits, or public sector spending.

By. Jess McCabe

Source: Environmental-Finance


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News