• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Starvation, horror in Venezuela
  • 2 hours WTI @ 67.50, charts show $62.50 next
  • 7 hours Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 8 hours Mike Shellman's musings on "Cartoon of the Week"
  • 3 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 13 hours Venezuela set to raise gasoline prices to international levels.
  • 3 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 7 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 12 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 20 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 19 hours Corporations Are Buying More Renewables Than Ever
  • 8 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 24 hours Again Google: Brazil May Probe Google Over Its Cell Phone System
  • 9 hours France Will Close All Coal Fired Power Stations By 2021
Trade War May Push China To Russian Energy

Trade War May Push China To Russian Energy

As trade war tensions heat…

Crude-By-Rail Could Save The Permian Boom

Crude-By-Rail Could Save The Permian Boom

Crude-by-Rail (CBR) has been a…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Cleantech Market to be Worth More Than €4 trillion a Year by mid-2020s

The German government commissioned research study into the global clean technology sector, and found that it is currently worth more than €2 trillion a year, and is predicted to grow by more than 100% by the mid-2020s.

The report stated that the clean technology market has “grown at an average of almost 12 per cent a year since 2007, and predicts it will continue to accelerate over the coming years.” It also suggests that this growth will occur regardless of the state of the global economy.

Torsten Henzelmann, head of the Civil Economics, Energy & Infrastructure Competence Centre at Roland Berger Strategy Consultants, and author of the study, said that “the economic and financial crisis has not stopped the worldwide expansion of the green tech industry. On the contrary, the worldwide market volume has now overshot the €2tr mark, thus exceeding our forecasts from 2009.”

He suggests that due to the on-going financial turmoil growth “will be a bit slower than in previous years, but by 2025 we expect the worldwide market to double in value to €4.4tr.”

Not only will the clean technology sector grow, but it is expected to stimulate other sectors as well. As Ralph Büchele, a co-author of the report, confirmed, this is because “more and more companies are finding that using green tech is a way to stand out among their international competitors. Better efficiency regarding energy and raw materials is increasingly becoming a strategic advantage in international competition – that goes for all sectors of the economy in general.”

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News