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Enigin News - HSBC Report Reveals Very Bright Future for Energy Saving Industry

Enigin News - HSBC Report Reveals Very Bright Future for Energy Saving Industry

HSBC Bank’s "Sizing the climate economy" report, released on Monday, suggest a bright future for energy efficiency and related industries, with a possible tripling in value.

The report claims that the world's low-carbon energy market is likely to treble by 2020 and that rising concerns about resource scarcity would support broad consensus on the threat of climate change.

Climate policy has faced hurdles of late, including faltering U.N. climate talks to agree a post-2012 successor to the Kyoto Protocol and repeated Senate setbacks to a U.S. climate bill. But mounting pressure, as a result of growth in the emerging economies, on energy, land and water plus a rising world population has added momentum toward a more efficient "climate economy," the bank claim.

"A new climate is starting to emerge, driven as much by resource scarcity and industrial innovation as by the raw realities of global warming," the report said.

Under what the HSBC report called the "conviction" scenario, which the reports authors reckon is the most likely result, annual capital investment would grow from an annualized $460 billion in 2010 to $1.5 trillion in 2020, but HSBC analysts reveal that they expect it is more likely to treble to $2.2 trillion, implying a global annual market growth of 7-11 percent from 2009-2020.

The report suggests the market will grow fastest in China, which will leap-frog the United States but the European Union (EU) will still lead the way as it has set itself tough efficiency, renewable energy and emission targets through to 2020.

The dominant sector shift would be to efficiency technologies, which would overtake low-carbon energy technologies such as wind, solar and nuclear power.

A low-carbon energy economy often requires higher upfront costs, this has led to doubts that targets will be met, given spending constraints following the financial crisis. But low-carbon technologies also substantially cut operating costs by savings on energy.

Enigin Distributors globally are already helping many businesses and organisations to see the benefit of energy saving and efficiency by supplying leading edge technology and saving their clients money.

To discover how you can join the ever increasing band of happy clients contact your local Enigin Distributor now.

Picture by markhillary

Tuesday 7th September 2010