Australian cleantech sector tips AU$30bnFriday 12 Apr 2013
A new study produced by research and advisory firm Australian CleanTech says an analysis of 1,340 Australian cleantech firms shows they were involved in capital transactions totalling AU$1.3 billion in the 2012 calendar year in 126 separate capital transactions. Australian Cleantech Review 2013 says the cleantech sector, which is defined as products and services that have both economic and environmental benefits, and includes renewable energy, water, waste and recycling, energy efficiency and carbon trading, employs five times as many people per dollar of revenue than general manufacturing. The big growth sectors were in solar, water, energy efficiency and green buildings. NSW and Victoria were the most active states, with the water, wind, solar and environmental services sectors all generating more than AU$1 billion in revenue in the last calendar year. Queensland and WA had comparatively little cleantech activity because they focused on mining. Despite accounting for just 0.07 per cent of the total number of registered companies, just 0.7 per cent of the listed company market capitalisation and only 0.5 per cent of the working population, the cleantech sector generated 2.0 per cent of the country’s GDP in 2012, up from 1.8 per cent in 2011. The report includes some forecasts for the cleantech trends for 2013. The highlights include a prediction that Australia is heading for an emissions trading scheme, rather than a fixed carbon price, whichever party wins government, and that cleantech, largely misunderstood or ignored in Australia, despite its growing size, will come to the attention of more people in 2013, particularly to customers and investors. And it predicts growing interest in investment from China and South Korea, which it describes as a significant opportunity for the Australian clean-tech sector. Source: reneweconomy | ||
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