VANCOUVER, BC — British Columbia’s green economy could grow into a $27 billion-per-year green giant by 2020, says a new report from the Globe Foundation, according to the Vancouver Sun.
British Columbia could become a “living laboratory” for green-sector growth that would add value to the provincial gross domestic product (GDP) more than twice as fast as the economy as a whole, John Wiebe, president and CEO of the Vancouver-based foundation, said.
“This is a very, very conservative estimate,” said Wiebe. “I think this can be much bigger depending on what one does and how one goes about it.”
The province’s present green-sector economy encompasses 28 sectors and sub-sectors, including renewable energy, forestry, transit and telecommunications. It accounts for 166,000 direct and indirect full-time-equivalent jobs, 7.2% of total provincial employment.
Worldwide, the green sector has a market value estimated at $5.2 trillion USD.
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