Ponzi. Bubble. Pyramid.
Heaven help us when it goes down.
The Climate Change Business Journal has calculated that Climate Change is now its own $1.5 trillion global “climate change industry” that is growing at between 17 and 24 percent annually from 2005-2008. Following the recession, growth slowed to between 4 to 6 percent with the exception of a bump in 2011 of 15 percent growth. These results were published in the Insurance Journal, for the climate journal is not available for free online.
The publication includes nine segments and 38 sub-segments including renewables, green building and hybrid cars. It also includes the climate change consulting market which the journal estimates at $1.9 billion worldwide, and $890 million in the U.S. The consulting market is expected to double in the next five years. The report’s authors believe the climate change industry as a whole will grow even faster. The Climate Change Consulting market had billings of $600 million in 1976 and…
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