Global Climate Revenues Fall 5 Percent in 2011

Global Climate Revenues Fall 5 Percent in 2011

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Global climate revenues fell 5 percent in 2011 to $539 billion from an all-time high the previous year, mainly dragged down by the weak performance of low-carbon energy companies hit by the global economic slowdown, a report by HSBC said.

Climate revenues were unlikely to exceed 2010’s all-time high of $567 billion over the next few years. Revenues could contract further in 2013 and flatten through 2015, HSBC said in its annual climate change index review. The HSBC Climate Change Index tracks the performance of 347 stocks across the low-carbon energy production, energy efficiency, environment and land-use management and climate finance sectors. The index declined 5.2% in 2011, compared to a 9.9% gain in 2010, and underperformed the MSCI All Country World Index by 15.1%.

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