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Emerald Group Publishing Limited
Copyright © 2010, Emerald Group Publishing Limited
Carbon market “could exceed €1.5trn by 2020
Article Type: News From: Management of Environmental Quality: An International Journal, Volume 21, Issue 5
The global market for low carbon products and services could be worth more than $2trn (€1.5trn) by the end of the decade if current trends towards a low carbon economy continue, according to a study of countries’ progress in this area recently released.
The 2010 Climate Competitiveness Index (CCI), produced in partnership with the UN’s environmental programme (UNEP), analyses growth through the use of low-carbon strategies and green jobs in 95 countries accounting for 96 per cent of global carbon emissions.
It assessed countries’ “climate accountability”, which shows whether a country’s climate change strategy is clear, ambitious and supported by stakeholders, and also measures countries track record on climate issues, a process called “climate performance”. China, Germany and South Korea were held up as “outstanding” countries in respect of climate accountability. Among key findings, the CCI shows that countries with a strong record of climate performance also tend to have a strong level of climate accountability. It also notes an increase in climate accountability since last year’s UN climate summit in Copenhagen. On the downside, it shows countries that are the most vulnerable to climate change still lag significantly behind on climate accountability and their ability to adapt.