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February 29th, 2008
Cleantech should consist of knowledge-based products and services that improve operational performance in terms of sustainable development. Typically, cleantech uses limited or zero non-renewable resources and creates significantly less waste than conventional technologies.
There are several signs that commercializing of clean technologies is in stage of moving into mainstream business. The driving forces are climate change, energy security and increasing energy prices. In the energy sector, these factors, are pushing clean technology markets of biomass, biofuels, solar, wind and fuel cells in the extent that cleantech is seen to be a next engine for economic growth.
Each year, substantial new investments in the clean energy and related technologies are made. Global markets of clean energy technologies are currently more than EUR 50 billion. With an annual growth rate of more than 30 percent, the market will quadruple within a decade, according to the Edge research.
Several investment funds are being established, and energy companies, including small and medium size firms, associations and even private persons are becoming more interested in green energy technologies and production.
Finland has invested in research and development of sustainable energy and environmental technologies since decades, which has resulted in world-class achievements. In a decade, the exports of these technologies have increased many-fold, and amounted to EUR 4 billion in 2007.
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