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Industry News
Market Research IndustryLack of agreement hits marketGovernments are relying increasingly on direct support for clean-tech industries via measures such as subsidies, feed-in tariffs, loan guarantees and other incentives. And that's bad news for banks and other organisations that have invested heavily in human and other capital to establish themselves in what they expected to be a boom sector.Industry analyst Point Carbon this month forecast the global carbon market to grow by around one-third in 2010 to E121 billion. While this seems to point to strong growth that would be the envy of other commodities, it is well below estimates pre-Copenhagen.The missing ingredients from the business plans, apart from a binding international agreement, are the lack of progress on US legislation, which in theory at least could lift volumes 10-fold, and confusion and uncertainty around the future of other UN mechanisms such as the Clean Development Mechanism.
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