China could be $1 trillion green tech market

By Dena Cassella
September 10, 2009

China's green technology market is expanding and new sustainable opportunities are on their horizon.

China potentially could be a $500 billion to $1 trillion a year market for environmentally sustainable "green technologies," a group of businesses and experts said in a report Thursday that urges governments to ease the way for such initiatives.

The report by the China Greentech Initiative, a group of more than 80 leading technology companies, non-governmental organizations and policy advisers, pinpointed opportunities from 300 potential green technology options for China, spanning energy, water, buildings, transportation and industry.

But government support is key, said Richard Gledhill, global leader of Climate Change & Carbon Market Services in London for PricewaterhouseCoopers, a consultancy that helped head the research.

According to the U.S. International Energy Agency, holding climate change to just a 2 degrees Celsius increase over the next two decades will require $9 trillion in extra spending, he said.

"The ...

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