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Climate Change is now widely accepted, and this will now drive the implementation of new and existing renewable energy technologies. Whatever our politicians are saying, the public throughout the west has largely accepted it as fact, and rightly or wrongly, they believe they can see it almost every day in our weather. The following is an extract from a news item at Edie Net (www.edie.net) was recently
Climate Change is a Business Opportunity Worth Billions, and Renewable Energy is the Biggest Single Sector Within It.
Shell recently reported (January 2007), that climate change is worth £30 Billion (USD$60 Billion) for British companies alone, over the next decade. (Report available at www.shell.com)
The study commissioned by Shell in 2006, was the first to put a number to the climate-related products, services and technology market. The title of the report is, “The Business Opportunities for SMEs in Tackling the Causes of Climate Change”, and it identifies areas where small and medium-sized firms should find the biggest opportunities arising from both consumer and government led climate change demand.
Lord Oxburgh, chair of the Shell Springboard UK, said: “The urgent need to reduce greenhouse gas emissions offers opportunities to the nimble. At the Renewable Energy News blog, we see great opportunities for those that are “nimble” as likely to arise in the renewable energy sector.
The report identifies the main sectors of opportunity for the United Kingdom as being:
- Renewable electricity - £800M
- Renewable road transport fuels - £500M
- Building regulations for commercial and industrial use - £950M
- Domestic energy efficiency - £400M
- Building regulations for domestic use - £275M
For business, tackling climate change is both a necessity and a huge opportunity. This creates a huge new opportunity for business nationally and internationally.
“Our small businesses and the scientific depth in our universities are going to be vital contributors.” (We hope that many of you will number among our regular readers!)
The study was undertaken as part of Shell’s Springboard programme, which offers support and funding to small businesses engaged in low carbon projects.
Looking at the investment potential for renewable energy from both the electricity, and road transport sectors, and adding the value of both, shows that at a total of £1300M (USD$2600M), the UK “renewables” sector is going to be the largest single sector by a significant margin.
So, there is now scope for a wide range of devices and services, which a decade ago would have made no economic sense, and for which there would have been no demand, and renewable energy in all its guises from pure bio-cropping to energy from organic wastes, is up there on the top for investment.
For individuals, the new environmental business means new jobs.
It seems that the United Kingdom Government agrees about the potential of climate change/environmental businesses for jobs, as at the start of 2007 Gordon Brown (while at that time still Chancellor of the Exchequer), also weighed in to declare the potential overall climate change benefits for job creation.
Gordon Brown also said that, he accepted that high environmental standards are economically beneficial, and that he wants to create 100,000 new jobs within the UK in the environmental sector, to implement them. Proportionately similar opportunities must be available internationally.
He also said that: “The greatest expansion in new jobs can come from the environmental sector. Environmental care and job creation advance together”. These advances will come from energy saving, innovation and green technologies, he indicated. Again, the renewables sector with such a large investment, must be about to become a leading job creator.
So that is where we begin, as we start the Renewable Energy News Blog.
Welcome, to a new start for a new blog, in a new and rising industrial sector. This is a sector which will have to tackle many political and economic issues beyond the complexities of the environmental balance sheet.
We hope you will enjoy the ride if you bookmark us, and revisit us in future. We hope that together we can chart this industry, and disseminate knowledge and learn together through the vehicle of this independent blog.
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This web site is owned by the PF Marketing Club, and is independent of all renewable industry associations.
Your Web Master is Steve Evans. an independent environmental engineer and consultant, based in Shrewsbury, Shropshire, United Kingdom.
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