The Asian share of the global environmental services is still small but its growth rate is picking up The Asian share of the global environmental services is still small but its growth rate is picking up Meanwhile rising oil prices is also creating a demand for energy efficient technologies. But this will not happen if energy continues to be subsidized.
The Asian Development Bank (ADB) estimates that the world market for environmental services is US$ 600 billion.
“It is expected to grow to US$ 800 by 2015. The Asian share is about US$ 37 billion today. It is growing at 8-12 percent and we expect it to grow even faster,” said Alessandro Pio speaking at the Best Corporate citizen Awards 2005 on last Thursday.
Hayleys won the award for the best corporate citizen.
Mr. Pio says environmental services is a good business opportunity.
“In achieving environmental integration of our companies there is extreme potential for business growth. Areas like water and waste water; efficiency in transportation and manufacturing cycle. reducing product waste; finding niche expert in domestic mark