Green Economy Now Worth As Much As Fossil Fuel Sector

FTSE Russell reports 6% of global equity market, roughly $4 trillion, comes from clean energy and environmental service sector.

The green economy now holds roughly the same market share as the fossil fuel sector, according to market analysts FTSE Russell.

In a report released last week, 6% of globally listed equity was derived from renewable and alternative energy, energy efficiency, water, waste and pollution services.  This ‘green economy’ was now worth approximately $4 trillion, roughly the same as the fossil fuel sector.

The green economy is also growing, the analysts said, in contrast to fossil fuels, which has shrunk.

“No longer a loose concept the green economy is now a measurable and definable investment priority,” said the report.

FTSE Russell found that if the sustainable economy maintained its current course, it could represent 7% of the global market capitalisation by 2030, even reaching 10% with $90 trillion in green investment – a target called for by UK economist Nicholas Stern in 2016.

The green economy was widely spread across companies of different size and nature.  It also covered a large geographical range.

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