infoDev, a global innovation and entrepreneurship program in the World Bank Group, wanted to quantify the economic opportunities that small businesses can seize in clean and climate friendly technology sectors in developing countries.
infoDev collaborated with the Carbon Trust to provide the technical analysis for a new report entitled, Building Competitive Green Industries: the Climate and Clean Technology Opportunity for Developing Countries.
The report found that over the next ten years investments in clean technologies in emerging markets are estimated to exceed $6 trillion, of which $1.6 trillion represent business opportunities for SMEs, which can act as drivers of technology innovation and job creation. The report also said that clean technology jobs compare favourably to jobs in other sectors, requiring more skill and delivering better pay and on-the-job safety.
China, Latin America and Sub-Saharan Africa were identified as the top three markets in the developing world for clean technology SMEs, with an estimated market size over the next decade of $415 billion, $349 billion, and $235 billion respectively. Some of the most promising opportunities are in wastewater treatment, onshore wind, solar panels, electric vehicles, and small hydro.
Data analysis and case studies from Kenya and India show how these market opportunities also have important social impacts. In Kenya, for instance, the 80% of the population not served by the electricity grid represents a vast market for new climate and clean technology solutions. To access this market local entrepreneurs and SMEs are finding innovative solutions to deploy solar and biogas technologies.
To help countries unlock this environmental and economic potential, the report identified a set of actions which can be implemented to build local green industries. The study provides a range of practical instruments to support SMEs in key areas such as market development, innovative finance, entrepreneurship and business acceleration, technology development and the legal and regulatory framework. These policy considerations are illustrated through case studies of national programs in South Korea, India, Thailand, and Ethiopia.
Download the full report at: http://bit.ly/grnindustries