EnviroTech :: Climate Change
Report: Low Carbon Energy Market to Reach $2.2 Trillion by 2020
10:45 AM MDT | September 16, 2010 | Vincent Valk
A report by investment bank HSBC estimates that the global low carbon energy market will reach $2.2 trillion by 2020, even in the absence of U.S. carbon price. The report considered four separate scenarios, with the most pessimistic estimating a $1.5 trillion market and the most optimistic estimating a $2.7 trillion market. The report's baseline scenario, which forecasts a $2.2 trillion market in 2020, assumes that U.S. will not pass an economy-wide cap-and-trade program, calling a utility only cap "more plausible." HSBC forecasts the growth to be...
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