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Clean energy to grow into 1.6 trillion euros industry: WWF
December 13, 2009
source:AFP
GENEVA — The clean energy technology sector will grow into a 1.6 trillion-euro (2.4 trillion-dollar) industry by 2020, becoming the third largest industrial sector after automobiles and electronics, WWF said Friday.
The clean energy industry, which includes wind energy infrastructure, insulation, solar panels and bio-ethanol treatment production, generated 630 billion euros in revenues in 2007, a sum that has already surpassed that of the global pharmaceutical industry, said WWF.
“This is the clean economy growth happening now with only a partial Kyoto protocol international framework supporting clean energy development, patchy national support for green energy and huge subsidies to fossil fuel use,” said Kim Carstensen, leader of WWF’s global climate initiative.
“Imagine what is possible with a successful Copenhagen climate deal and the national mechanisms to deliver its outcomes—clean energy is where the money is going to be and this is where energy security is going to be,” she added.
