27 Oct '11, 1am

London's green economy could exceed £27bn by 2013 @businessgreen

London's growing green economy could be worth more than £27bn by April 2013, according to a major new report designed to help businesses step up investment in low carbon and environmental services. The preliminary findings of the study, released yesterday by consultancy Innovas, reveal that the capital's low carbon and environmental goods and services firms have grown four per cent between 2009 and 2010 despite the economic downturn. FURTHER READING World's fastest growing cities at greatest risk of climate change Exclusive: Fears mount Green Deal could strip funds from renewable schemes The report also concluded that the sector employs 160,000 people across 9,000 businesses, with key strengths in carbon finance, geothermal power, solar photovoltaics and waste management. In addition, Innovas highlighted areas where London is underperforming, such as waste recovery and rec...

Full article: http://www.businessgreen.com/bg/news/2120103/londons-gree...

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