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SMEs & clean technologies, 1.6 trillion dollars market opportunity in emerging countries
The clean technology market in emerging countries will be worth $6 trillions over the next 10 years. About 1.6 trillion dollars will be SMEs business opportunity.
Over $6 trillion, the equivalent of about 5.000 billion euros, will be invested over the next 10 years in the emerging markets clean technologies. A total of 1.6 trillion dollars, that is, more than one trillion euros, represents the actual business opportunities for small and medium-sized enterprises (SMEs) operating in the field of green technology, which are already playing a crucial role in technological innovation and employment.
The research, conducted by the World Bank Group, an international organization that performs financial activities primarily in developing countries, in partnership with Carbon Trust, a non-profit organization that provides assistance to businesses and organizations to reduce their carbon emissions in the atmosphere, is an absolute novelty in the world of clean technologies and related business opportunities applied to SMEs: for the first time ever, in fact, the economic benefits arising from the sector of clean and sustainable technologies in developing countries have been quantified, including also small and medium-sized enterprises.
As explained by James Rawlins, Associate Director at Carbon Trust, "SMEs have a key role to play in this and could access a quarter of the $6 trillion market opportunity”. Emerging markets SMEs alone, which are aware of profitable incomes deriving from the industry, are already adapting their products and solutions to local needs, thus developing new business models. As Carbon Trust’s representative explains, "Enabling and accelerating this should be a priority for policymakers at global and local levels”.
The most promising emerging markets for SMEs in terms of clean technology, according WBG and Carbon Trust report, are China, Latin America and Sub-Saharan Africa, with estimated market values respectively of 415, 349 and 235 billion dollars. The presence of China and Sub-Saharan Africa, on the other hand, should not surprise, since these two countries have appeared repeatedly, and with absolutely positive results, in a number of recent studies regarding clean energy, renewable energy and sustainable technologies.
As for the actual business opportunities in developing countries, at least five micro-areas of investment have been identified in the report: wastewater treatment, small hydro, onshore wind, solar panels and electric vehicles.
The use of sustainable technologies in the coming years will be crucial not only for developing countries, but also for the most advanced ones, in economic, environmental and employment terms. On the work level alone, in fact, it seems that employment in the sector of sustainable technologies, as it requires more skills, can assure better pay and on-the-job safety.
The research, conducted by the World Bank Group, an international organization that performs financial activities primarily in developing countries, in partnership with Carbon Trust, a non-profit organization that provides assistance to businesses and organizations to reduce their carbon emissions in the atmosphere, is an absolute novelty in the world of clean technologies and related business opportunities applied to SMEs: for the first time ever, in fact, the economic benefits arising from the sector of clean and sustainable technologies in developing countries have been quantified, including also small and medium-sized enterprises.
As explained by James Rawlins, Associate Director at Carbon Trust, "SMEs have a key role to play in this and could access a quarter of the $6 trillion market opportunity”. Emerging markets SMEs alone, which are aware of profitable incomes deriving from the industry, are already adapting their products and solutions to local needs, thus developing new business models. As Carbon Trust’s representative explains, "Enabling and accelerating this should be a priority for policymakers at global and local levels”.
The most promising emerging markets for SMEs in terms of clean technology, according WBG and Carbon Trust report, are China, Latin America and Sub-Saharan Africa, with estimated market values respectively of 415, 349 and 235 billion dollars. The presence of China and Sub-Saharan Africa, on the other hand, should not surprise, since these two countries have appeared repeatedly, and with absolutely positive results, in a number of recent studies regarding clean energy, renewable energy and sustainable technologies.
As for the actual business opportunities in developing countries, at least five micro-areas of investment have been identified in the report: wastewater treatment, small hydro, onshore wind, solar panels and electric vehicles.
The use of sustainable technologies in the coming years will be crucial not only for developing countries, but also for the most advanced ones, in economic, environmental and employment terms. On the work level alone, in fact, it seems that employment in the sector of sustainable technologies, as it requires more skills, can assure better pay and on-the-job safety.
