American Elephants


Climate Change is Now a $1.5 Trillion Industry by The Elephant's Child

climate-changeThe Climate Change Business Journal has calculated that Climate Change is now its own $1.5 trillion global “climate change industry” that is growing at between 17 and 24 percent annually from 2005-2008. Following the recession, growth slowed to between 4 to 6 percent with the exception of a bump in 2011 of 15 percent growth. These results were published in the Insurance Journal, for the climate journal is not available for free online.

The publication includes nine segments and 38 sub-segments including renewables, green building and hybrid cars. It also includes the climate change consulting market which the journal estimates at $1.9 billion worldwide, and $890 million in the U.S. The consulting market is expected to double in the next five years. The report’s authors believe the climate change industry as a whole will grow even faster. The Climate Change Consulting marketĀ  had billings of $600 million in 1976 and today generates $27 billion.

One of the most lucrative segments of the industry is consulting, risk management, and of course legal and other professional services. That’s why “green” businesses donate so heavily to politicians who believe in global warming issues. Policy is one of the biggest drivers of growth in the industry. If Obama’s Clean Power Plan survives legal challenges it may be a big driver of further growth.

So if “Big Green” is a $1.5 trillion industry, that will buy a whole lot of scientists around the world. It is a major funder for the Democratic Party along with unions. And it is an industry that can survive only by relying on the coercive powers of government. That’s a lot of crony capitalism.




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