Feeds

Green biz now 'bigger than software and biotech'

Bankers show off amazing motorised goalposts

Secure remote control for conventional and virtual desktops

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. ®

Boost IT visibility and business value

More from The Register

next story
Our LOHAN spaceplane ballocket Kickstarter climbs through £8000
Through 25 per cent but more is needed: Get your UNIQUE rewards!
Cutting cancer rates: Data, models and a happy ending?
How surgery might be making cancer prognoses worse
Boffins ID freakish spine-smothered prehistoric critter: The CLAW gave it away
Bizarre-looking creature actually related to velvet worms
CRR-CRRRK, beep, beep: Mars space truck backs out of slippery sand trap
Curiosity finds new drilling target after course correction
SpaceX prototype rocket EXPLODES over Texas. 'Tricky' biz, says Elon Musk
No injuries or near injuries. Flight stayed in designated area
Brit balloon bod Bodnar overflies North Pole
B-64 amateur ultralight payload approaching second circumnavigation
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?