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GREEN Business Opportunities: Whatever your business!

Posted on: 2011-09-06 13:58:16

Professional Services?  Automotive? ICT? Steel & metals? Chemical? Construction?  Finance?  Legal? Accountancy? Advertising? Management consultancy? Architectural and technical? Recruitment?  Security?  Whatever your business, the move to a green economy will affect you.


The move to a green economy will affect different industries in different ways and to varying degrees. This will create opportunities and challenges.  Successful businesses will need to adapt to take advantage of the benefits and opportunities, and to manage risks.

What are the cross-sector and industry-specific opportunities for businesses to profit from the move to a green economy?

Across different industries, new market opportunities will present themselves to businesses as a result of the domestic and global shift towards greener products and services and more sustainable ways of working. This article sets out some of the opportunities in specific sectors but it is by no means exhaustive:


Business & Professional Services including Finance Services

Automotive

Renewable Energy

ICT

Steel & other metals

Chemical

Construction

Business and professional services - including financial services

Sustainability and climate change are regarded as key drivers of change for business and professional services over the next decade. The professional and business services sector can be defined in different ways, but a core set of services would include:


Business & Professional Services including Finance Services

Automotive

Renewable Energy

ICT

Steel & other metals

Chemical

Construction

There are several key areas for business growth.  Carbon markets offer opportunities for financial services, environmental technology providers, carbon advisors, specialist consultancies, lawyers, emissions auditors, carbon brokers and project developers.  Business adaptation services can provide consultancy advice on business operations, through measurement, monitoring and reporting-type activities.  Green markets overseas provide an opportunity for UK-based engineering consultancies offering capabilities to deliver large integrated projects.  For resource efficiency for business and professional services there is significant scope for example, in using technology to avoid travel emissions, more efficient use of water, energy and other resources, and in assessing the sometimes 'hidden environmental footprint' of new services.

Renewable energy

Renewable energy employs more than a quarter of a million people in the UK, and by 2020 it could be nearer half a million.

Information and communication technology (ICT) and electronics

ICT and electronics is an underpinning technology and is extensively used in other sectoral products - such as those in automotive, aerospace and defence. The electronics industry is central to providing the technological solutions to social challenges in areas such as health, transport, energy management and the environment.

Automotive

Automotive is the UK's number one manufactured export, with the sector adding nearly £6.5 billion to the UK economy per year. In 2010, it produced over 1.39 million vehicles and 2.4 million engines. The sector also accounted for 300,000 manufacturing jobs and a further 480,000 in the motor retail sector. The UK hydrogen and fuel cell sector has the potential to be a significant green success story. The technology is beginning to emerge into the market and the UK is well placed to exploit it - with a number of small- and medium-sized enterprises already operating in the sector.

Steel and other metals

Ambitious plans to build thousands of wind turbines at sea over the next ten years to generate 35 gigawatts of electricity - around 15 per cent of the UK's energy requirements - will present a massive opportunity.

Construction

Around 45 per cent of carbon emissions arise from the use of domestic and non-domestic buildings in the UK. Emissions will need to be radically reduced in order to meet climate change targets. Delivering this step change in performance of the built environment represents a huge programme of work between now and 2050. This will require process and product innovation at every level - creating opportunities for growth and diversification.

Chemicals

The UK is traditionally the sixth largest chemical producer in the world - after the US, Japan, Germany, China and France. The UK is involved in all parts of the chemical supply chain.

While the UK rarely hosts an entire supply chain, especially in areas of high value added such as speciality and fine chemicals, it does produce many of the key bulk chemicals - eg ethylene or chlorine - and trades their derivates - eg PVC and polyethylene. Therefore the UK plays a full part in the global production of chemicals.


For a complimentary consultation on how your business will meet the green economy challenge, call today on:

Tel:  01942 829568

Email:  phyllis@greatgreendeal.co.uk