Glocal cleantech investment
About 3,500 clean technology companies generate NZ$19 billion in revenue from exports, a quarter of overall sales and a figure that increased by 75% over the last five years. The government is earmarking NZ$750 million for environmental projects over the next two years to further boost the industry, including NZ$229 million to further commercialise green technology.
Denmark’s continued investment in wind energy sees it employ 20,000 people, and Danish companies now make up 40% of the world market for wind turbines, with combined turnover of over $4.8 billion.
Denmark’s export of energy technology and equipment has more than tripled since 1989. Energy exports accounted for 11% of total Danish exports, or NZ$14 billion in 2008. This places Denmark at the top of GDP-weighted world rankings for clean energy exports.
A world leader in the production of wood products, Finland boasts a strong biomassfuelled energy generation sector. The local forestry industry derives 73% of its energy from wood-based fuels, and biomass cogeneration systems account for almost 80% of industrial heating, 74% of domestic heating and 29% of national electricity. Finland’s National Climate Strategy Energy (2004) set out to double the annual use of forest chips to five million cubic meters (36 petajoules or PJ) for domestic consumption. This is of interest to New Zealand, as our strong forestry sector means we have potential to emulate this type of biomass generation.
The Australian Government’s Clean Energy Future package, due to be passed later this year, will provide NZ$128 billion for clean energy over coming decades, including about NZ$13 billion to be distributed through the new Clean Energy Finance Corporation.
Australia’s estabtlished and substantial low carbon goods and services sector is currently growing at 4% per year.