Energy / Climate Change

October 25, 2008


Market Focused on Preventing Global Warming Forecast to Grow Rapidly in Japan

Keywords: Climate Change Eco-business / Social Venture Manufacturing industry NGO / Citizen Non-manufacturing industry 

Fuji Keizai Co., a private Japanese research firm, released its report on May 20, 2008, titled "The Global Warming Prevention Market's Perspective for the Present and Future towards a Post-Kyoto Protocol." The company predicts that the market in Japan will expand to 6,932.4 billion yen (about U.S.$66 billion) by fiscal year 2015, an increase of 5.6 times compared to the fiscal 2007 level.

The report looked at 28 technologies, products, and services in five categories in the global warming prevention market, in order to assess present conditions and evaluate the market's potential future value. The company said that, by FY2015, the market category, which includes low-greenhouse gas technologies -- like heat pump water heaters, LED lights, carbon fibers (used for weight reduction in automobiles and airplanes) -- is estimated to be 1,606.5 billion yen (about $15.3 billion), a 4.3 times increase.

Likewise, the market encompassing alternatives to fossil fuels -- such as biomass, solar, and wind energy generation -- is also estimated to be 2,156.1 billion yen (about $20.5 billion), a 5.1 times increase. As for the service category covering the Clean Development Mechanism (CDM), Joint Implementation (JI), the Emissions Trading Scheme (ETS), Carbon Offset, and the Global Warming Prevention Equity Fund, it estimates growth to 3,050 billion yen (about $29 billion), a 7.3 times increase.

According to the report, Japan's global warming prevention market has large potential and is expected to see rapid growth in the near future, with an increasing demand for the establishment of a system to prevent global warming.

Posted: 2008/10/25 05:28:34 PM