New research has shown that a zero waste and zero carbon policy can lead to significant wealth creations which will be driven by technology. Research from Macquarie University has found that an estimated $20 trillion in new wealth could be generated, fuelled by cleantech patents. Professor Martina Linnenluecke from the university said that investors, asset managers and super funds would drive the clean-energy momentum, motivated by the potential of new wealth.
“Our analysis estimated that the total wealth created by the development of cleantech patents ranges from US$10.16 to US$15.49 trillion dollars and will involve an additional investment stimulus to the economy from US$2.93 to US$3.71 trillion,” she said. Already cleantech has become a fast-growing patent class said Professor Linnenluecke but further investment in the field would generate more wealth creation. “Our projections show that there are vast sums of money to be made by investment in cleantech. Estimates of wealth creation of between US$10.16 to US$15.49 trillion mean that there are enormous opportunities for business to create wealth and drive GDP for decades to come,” she said.
The rest of this article can be found at investordaily.com.au.