IHS Chemical Week

HSBC: Low Carbon Market to Reach $2.2 Trillion by 2020

1:55 PM MDT | September 28, 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 a U.S. policy for pricing carbon emissions. 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. HSBC’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. HSBC forecasts the growth to be driven by the market in energy...

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