Friday, September 18, 2009
Green Businesses Now Generate More Revenue Than the Aerospace and Defense Sectors Combined
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.