Global Demand for Environmental Goods and Services on the Rise: Good Growth Opportunities for German Suppliers
According to conservative calculations, over $580 billion was spent worldwide on environmental goods and services and renewable energy technologies1 in 2004. So-called "green spending" is set for strong growth in the future on account of the long-term expansion of the global economy and mounting environmental challenges. Significant opportunities for growth and employment in Germany are also offered by forecasted trends in the market for green technologies. DIW Berlin has developed a method to quantify future global demand for environmental goods and services based on alternative economic scenarios. The method places a key focus on the international trade of environmental goods and services. Our calculations predict that the effective annual demand for environmental goods and services in Germany will increase from $75 billion in 2004 to between $106 and 171 billion by 2020 (at 2004 prices and exchange rates).The high growth in German exports is responsible in particular for this trend. Nevertheless, sensitivity calculations indicate that demand could also grow at a much slower rate through 2020 under unfavorable economic conditions.
Volume (Year): 5 (2009)
Issue (Month): 20 ()
|Contact details of provider:|| Postal: |
Web page: http://www.diw.de/en
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:diw:diwwrp:wr5-20. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bibliothek)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.