The Climate Change Business Journal has calculated that global warming is now a $1.5 trillion a year industry. The Business Journal’s report is not available for free online, but its findings are reviewed by the Insurance Journal. They are eye-opening, to say the least:
The $1.5 trillion global “climate change industry” grew at between 17 and 24 percent annually from 2005-2008, slowing to between 4 and 6 percent following the recession with the exception of 2011’s inexplicable 15 percent growth, according to Climate Change Business Journal.
The San Diego, Calif.-based publication includes within that industry nine segments and 38 sub-segments. This encompasses sectors like renewables, green building and hybrid vehicles.
One of the most lucrative segments of the global warming money tree is consulting:
That also includes the climate change consulting market, which a recent report by the journal estimates at $1.9 billion worldwide and $890 million in the U.S.
Included in this sub-segment, which the report shows is one of the fastest growing areas of the climate change industry, are environmental consultants and engineers, risk managers, assurance, as well as legal and other professional services.
What is striking about the global warming industry is that its growth is driven more or less entirely by “policymaking,” i.e., government mandates and other policies. This is why “green” businesses contribute so lavishly to the political campaigns of politicians who drink the global warming Kool-aid.
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