China’s efforts to control air pollution will provide a new impetus for economic growth, with investment opportunities of 20 trillion yuan ($3.2 trillion) in the coming 12 years, according to a report by an antipollution industry group.
The market potential lies in six major sectors, including coal pollution control, reduction of volatile organic compound emissions and environmental monitoring.
The report, titled China’s Clean Air Market Outlook 2030, was published on Tuesday by the Bluetech Clean Air Alliance, an industry alliance based in Beijing’s Zhongguancun Science Park, known as China’s Silicon Valley.
The alliance promotes air pollution control technology and the development of related industries. Experts from Beijing Normal University, Beihang University and the Asia-Pacific Consulting Center for Environment and Development participated in the writing of the report.
Among the investment opportunities it mentioned, the new energy vehicles industry, including cars, buses and charging services, will reach 14 trillion yuan, and the indoor air purifying industry will reach 1.7 trillion yuan by 2030.
More than 20 million metric tons of emissions of volatile organic compounds will be reduced and will result in investment opportunities of 800 billion yuan, it said.
Meanwhile, the market value of environment monitoring facilities may surpass 80 billion yuan.
The report also said the scale of the cement, coking and steel industries will be reduced by more than 30 percent by 2030 from what they were in 2012, and 40 percent of the sales volume in the auto market will be electric vehicles. (…)
China DailyEditor: Mo Hong’e