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Friday, September 11, 2009

China GreenTech Initiative forecasts $1 Trillion Annual Market

A report out of Shanghai by the China GreenTech Initiative (a group of more than 80 technology companies, NGOs and policy advisors) estimates that the Chinese market for environmental products and services will reach $500 billion to $1 trillion.

The China Greentech Initiative has released its first report on the potential of the green technology market in China, The China Greentech Report 2009, at the World Economic Forum Annual Meeting of the New Champions 2009 in Dalian, China.

This Report is the initial offering of the China Greentech Initiative, an open source commercial collaboration of over 80 of the world's leading technology companies, services firms, entrepreneurs, investors, NGOs and policy advisors, united to contribute to a sustainable China and world. Editing down from several hundred proposals, the China GreenTech Report 2009 examines 125 greentech solutions, both existing and emerging, across seven sectors to provide a view of each solution's potential environmental impact as well as commercialization opportunities. The Report is the culmination of a research process led by a 30-person team that includes significant contributions from hundreds of industry experts.

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