A just-released report from the UK Government’s Department for Business Innovation and Skills shows that the Low Carbon Environmental Goods and Service sector has been significantly outperforming both the global and the domestic (UK) economy. Data presented include:
- The global total for LCEGS Sales in fiscal 2009/10 (April 1 to March 31) is £3.2 trillion. This shows an annual increase from 2007/8 to 2008/9 of 3.1% and from 2008/9 to 2009/10 of 1.8%.
- In 2009/10 global Low Carbon sales activities were estimated at £1.5 trillion, Renewable Energy sales at £0.9 trillion, and Environmental goods and services at £0.7 trillion.
- The largest sub sectors are; Alternative Fuels (16%), Building Technologies (13%), Wind (12%), Alternative Fuel and Vehicles (11%), Geothermal (9%) and Water Supply & Waste Water Treatment (8%). These percentages are unchanged since 2007/08.
- Asia accounts for 38% of global sales, followed by the Americas (30%) and Europe (28%).
The report contains a large amount of data on global and UK domestic growth in a wide range of low carbon and environmental product subsectors, making it valuable for any company interested in exporting these goods and services, and is available at http://www.bis.gov.uk/assets/biscore/business-sectors/docs/l/11-992-low-carbon-and-environmental-goods-and-services-2009-10