The US environmental industry is a diffuse collection of services, manufacturers, and other resources - - more than 115,000 firms and organizations in a $450 billion global market. It is becoming less a distinct industrial sector and more a better business practice. For years, domestic pollution remediation dominated the industry. The progress of domestic cleanup and the fact that pollution prevention is often cheaper than remediation have refocused market opportunities overseas in pollution avoidance. Amidst this evolution, the US and other nations agreed in Kyoto in 1997 to fight global warming by reducing greenhouse gas emissions. This report addresses the state of the environmental industry and the impacts of implementing the Kyoto agreement in terms of competitiveness, market opportunities, and national security. It speaks to evolving and interrelated challenges in deploying new technologies, penetrating foreign markets, establishing and enforcing standards, and gaining multilateral cooperation.
ICAF Industry Studies 1998