Feeds

Green biz now 'bigger than software and biotech'

Bankers show off amazing motorised goalposts

Securing Web Applications Made Simple and Scalable

The green sector - those companies providing goods and services which tackle climate change - is now bigger than software and biotech combined, according to bank analysts. However they have only reached this conclusion by including industrial groups whose greenness would be questioned by many.

The Financial Times reports this morning on the analysis from megabank HSBC, which says that revenue from green biz has now passed $300bn. This includes nuclear power firms, renewable energy groups and such multinationals as Siemens and Philips, which operate in power generation and in producing energy-efficient components and appliances. However, firms which derive "only a small proportion" of revenue from greenery aren't counted.

The pink 'un quotes Joaquim de Lima, global head of quant research at HSBC.

"During the last year we've seen a massive growth in the number of companies providing goods and services designed to address climate change," said de Lima.

"This demonstrates that companies are taking the issue seriously and are willing to adapt their businesses to the challenges."

It seems that 390 companies around the world now make enough cash out of low-carbon power or other green biz to qualify under HSBC's guideline. De Lima said there was now a "clearly identifiable sector", one bigger than software and biotechnology put together.

The FT report can be read here. ®

HP ProLiant Gen8: Integrated lifecycle automation

More from The Register

next story
Malaysian Airlines flight MH17 claimed lives of HIV/AIDS cure scientists
Researchers, advocates, health workers among those on shot-down plane
The Sun took a day off last week and made NO sunspots
Someone needs to get that lazy star cooking again before things get cold around here
Mwa-ha-ha-ha! Eccentric billionaire Musk gets his PRIVATE SPACEPORT
In the Lone Star State, perhaps appropriately enough
Diary note: Pluto's close-up is a year from … now!
New Horizons is less than a year from the dwarf planet
Forty-five years ago: FOOTPRINTS FOUND ON MOON
NASA won't be back any time soon, sadly
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.