http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.71Change: 0.00
R/$ = 10.96Change: 0.07
Au 1198.23 $/ozChange: 0.07
Pt 1228.50 $/ozChange: 5.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Dec 11, 2009

Clean energy could be third-largest industrial sector by 2020 – report

Back
Copenhagen|Kyoto|SECURITY|Africa|Building Strong Clean Energy Technology Industries|CoAL|Industrial|Projects|Renewable Energy|Renewable-Energy|Security|WWF South Africa|Africa|Australia|Brazil|China|Denmark|Germany|South Africa|United Kingdom|United States|EUR|Security|Bio-ethanol Giant|Building|Clean Energy|Clean Energy Sales|Clean Energy Technology|Clean Energy Technology Industry|Clean Technology Revolution|Electronics|Energy|Manufacturing|Pharmaceutical Industry|Products|Security|Solar Energy|Wind Energy|Donald Pols|Kim Carstensen|Power|Saliem Fakir|Security|Insulation|Clean Energy Technology
SECURITY|Africa|CoAL|Industrial|Projects|Renewable Energy|Renewable-Energy|Security||Africa|||Security|Building|Energy|Manufacturing|Products|Security|Wind Energy|Power|Security|Insulation|
copenhagen|kyoto|security|africa-company|building-strong-clean-energy-technology-industries|coal|industrial|projects|renewable-energy|renewable-energy-company|security-company|wwf-south-africa|africa|australia-country|brazil|china|denmark|germany|south-africa|united-kingdom|united-states|eur|security-facility|bio-ethanol-giant|building|clean-energy|clean-energy-sales|clean-energy-technology-industry-term|clean-energy-technology-industry|clean-technology-revolution|electronics|energy|manufacturing|pharmaceutical-industry|products|security-industry-term|solar-energy|wind-energy|donald-pols|kim-carstensen|power|saliem-fakir|security-person|insulation|clean-energy-technology
© Reuse this



The World Wide Fund for Nature (WWF) this week released a report predicting that by 2020 the clean energy technology industry would be worth €1,6-trillion a year - ranking behind automobiles and electronics as the third-largest industrial sector.

In 2007, clean energy technology already had a sales volume of €630-billion and was larger than the global pharmaceuticals industry.

China was expected to take up a large portion of this growth in clean energy technology.

The nongovernmental organisation released the report entitled ‘Clean Economy, Living Planet - Building Strong Clean Energy Technology Industries’ at the United Nations climate summit in Copenhagen, and said that it was the first worldwide country ranking by clean energy sales.

“The report demonstrates that the idea of a clean economy is not a fallacy but can be achieved,” said WWF South Africa Living Planet unit manager Saliem Fakir.

“This is an opportunity that still needs to be grasped in South Africa. We are waiting expectantly for the birth of the clean technology revolution in South Africa, which will see us move away from a dependence on coal,” he added.

The report found that relative to gross domestic product (GDP), it was wind energy and insulation pioneer Denmark, and bio-ethanol giant Brazil, that were leading the way. Germany, trading on a substantial manufacturing base and public support for wind and solar energy, was in third place.

China was ranked fourth in terms of absolute sales, and sixth relative to its GDP.

Sales revenues from energy efficiency products in 2007 were more than five times the revenues from renewable energy products, but WWF said that this would change significantly by 2020, with the growth rate for renewables at 15% a year being three times the still respectable 5% yearly of efficiency products and process revenues.

“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. 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,” said WWF global climate initiative manager Kim Carstensen.

The report advocates that countries seeking to develop clean energy technology sectors should implement ‘technology action plans’, to take technologies from research to demonstration, and bridge the gap between research institutions and industry.

“Central banks could help by encouraging the inclusion of ‘carbon risk’ into financial modeling. Access to seed or venture capital has also been a factor in the success of clean energy in the leading countries,” said WWF.

The report also emphasised the importance of developing a strong domestic market in technologies, with a strong domestic fit.

“It allows companies to experiment, gain experience and quickly traverse the learning curve – both giving them a competitive lead and providing them with reference and showcase projects,” the report said. 

Governments could support such domestic markets with subsidies, renewable energy targets, and procurement policies.

Countries that could benefit from such moves included the US, ranked 18 on the GDP weighted rankings, and the UK, ranked 19. Illustrating opportunities lost, Australia - which squandered an early technical lead in solar energy – was ranked 28.

“Clearly, from a national perspective there is much to gain and nothing to lose from investing in clean energy,” said WWF-Netherlands Climate Programme manager Donald Pols.

“Forgoing these opportunities for the sake of propping up an aging, polluting fossil fuel sector for as long as its lobbying power remains significant is acting for vested interests not the national interest,” he added.

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Electricity News
Professor Anton Eberhard
The Department of Energy (DoE) confirmed on Wednesday that the second nuclear vendor parade workshop, which took place at a venue in the Drakensberg, had been concluded with delegations from China, France, South Korea and the US. The first such workshop, which was...
Article contains comments
Eskom has asked its staff to consider voluntary retrenchment packages, a spokesman confirmed on Wednesday. "We can confirm that we have announced the process by which employees can apply for voluntary separation packages," spokesman Andrew Etzinger said.
Eskom capital division group executive Dan Marokane
Electricity utility Eskom says it and Anglo American have concluded a memorandum of understanding (MoU) that maps out the process to be followed to enable the parties to conclude a final coal-supply contract for the Kusile power station, which is currently being...
Article contains comments
Article contains comments
More
 
 
Latest News
Updated 6 hours ago A Spoor & Fisher partner on Wednesday called on the Department of Trade and Industry (DTI) to finalise its proposed policy for Intellectual Property (IP). The policy, which had not been drafted in consultation with IP law experts, was published in September 2013,...
Auditor-General Kimi Makwetu
Updated 6 hours ago Auditor-General Kimi Makwetu has called on all government leaders to play a crucial role in ensuring that government departments and entities improve their audit outcomes. He has raised concerns over irregular expenditure, non-compliance with legislation, auditees...
Updated 6 hours ago The Somalia Stock Exchange expects seven companies in the telecoms, financial services and transport sectors to list their shares when the bourse is set up in 2015, its founder said. Somalia's economy is slowly recovering from more than two decades of conflict,...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
JSE-listed real estate investment trust (REIT) Rebosis Property Fund achieved a distribution growth of 8.1% to 99.45c per linked unit in the financial year ended August 31, despite volatile market conditions.
JAMES ROBERTS The MOM incubator was designed to help babies in developing nations who were dying in conflict-struck nations or who do not receive hospital care
A low-cost, inflatable incubator won this year’s international James Dyson design award, which aims to encourage and inspire the next generation of design engineers.
The World Bank released its ‘Doing Business 2015: Going Beyond Efficiency’ report last month and ranked South Africa 43 out of 189 global economies for its ease of doing business, with Singapore topping the rankings.
Air Products South Africa officially launched its R300-million Eastern Cape air- separation unit (ASU), at its new manufacturing facility in the Coega Industrial Development Zone (IDZ), earlier this month. It is the second facility that Air Products launched in South...
BMW South Africa (SA) has signed a power purchasing agreement with energy company Bio2Watt. The offtake partnership will bring renewable energy to the carmaker’s Rosslyn plant, north of Pretoria.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks