UK New Energy Economics Catches Old Energy

Green economy almost as valuable as the fossil fuel sector, says report; FTSE Russell, a subsidiary of the London Stock Exchange Group, says the green economy is worth about $4tn and continues to rise in value as the fossil fuel sector falls

James Walker, 6 June 2018 (Compelo)

“…[T]he renewable energy industry is worth about $4 trillion (£2.98 trillion) and 6% of the market value…[According to a new report from the UK stock market operator, it is about the same size as the fossil fuel economy and] will be 7% of that value by 2030, should it continue to rise…[Sectors huddled under the green economy umbrella] include green energy, food and agriculture, waste management and transportation companies…Two-fifths of the green economy is held up by the eco-friendly energy management sector, with energy generation making up 11% of the eco economy…[An estimated 3,000 global listed companies are] involved in these sectors…[The U.S. hosts] just over two-fifths of the green economy, while Japan and China represented 13% and 12%...[The U.K. has] 4% of the eco economy…[Large companies represent] about two thirds of the eco sector…[But] small and medium-sized companies, frequently being snapped up by larger firms, are still behind many innovations.” click here for more

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