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Position:BCAA News»China’s War Against Air Pollution will Create over 20 Trillion Market

China’s War Against Air Pollution will Create over 20 Trillion MarketPost date: 2018-04-23

On April 17th, Bluetech Clean Air Alliance (BCAA) released the “China's Clean Air Market Outlook 2030” (hereinafter referred to as the “Report”) in Beijing. This is the first time that air quality attainment has been used as main constraint to analyze the future economic development and key market opportunities.

Over the past five years, China has made significant progress in the field of air pollution prevention and control, cutting PM2.5 concentrations in many cities (including Beijing) by over 30%, which may take a decade or two for some Western countries to accomplish. The fast and effective results of air quality improvement have attracted universal attention in the world. With the successful realization of the " Air Ten Measures", China is entering a new stage of air pollution prevention and control. Winning the Blue Sky Defense War, and achieving a “Beautiful China” by 2035 has become China's commitment to the world.

The Report points out that with the continuous effort for haze management, China's clean air market will create huge structural investment opportunities and become a new engine for China’seconomic growth. By 2030, China's key areas of clean air industries will usher in more than 20 trillion market opportunities, and China will continue to be the world's largest demand market for clean air technology.

Tonny Xie, director of the BCAA, said: “The huge clean air technology market in China will attract global clean-tech companies. Many of the clean energy and pollution prevention technologies that grow up in China could also expand to support clean air initiatives in other countries, and promote global clean development."

The Report anticipates achieving air quality standards in all cities across the country by 2030, setting up an economic development model with air quality improvement targets as a constraint, and predicting the future changes in energy structure, industrial structure, and transportation structure. Moreover, these changes will directly promote low-carbon development, greatly support greenhouse gas emission reduction and accelerate the realization of China's commitment to the Paris Agreement.

The Outlook provides comprehensive analysis of market development opportunities in the clean air related areas. By 2030, the future market for new energy vehicles will exceed 14 trillion yuan, mobile source emission control will generate more than 2 trillion market, the market space for environmental monitoring will be over 130 billion yuan, and indoor air pollution prevention and control will bring 1.7 trillion market. In addition, the prevention and control of coal-fired pollution and the prevention and control of pollution from industrial-sourced VOCs will generate market space of more than RMB 1 trillion and nearly 800 billion, respectively.

“Indoor environmental health is an important part of the environmental protection and health industry,” said Zhu Chun, research fellow at the Shanghai Research Institute of Building Science Group. “The Outlook points out the huge market for prevention and control of indoorair pollution, which is conducive to effective investment and resource allocation in the field of environmental health services, providing good prospects and guidance."

The 4th Bluetech Award Campaign was launched at the event, calling for advanced clean-tech all over the world to help restore China's blue sky. This year, a special section of the Bluetech Award, namely Bluetech Future Unicorn, has been established to help more start-ups and teams to achieve rapid growth in China, to join the global effort for clean development acceleration, and to shape a cleaner future.

The China's Clean Air Market Outlook 2030 is the first report of the Bluetech Think Tank Series. The Outlook was jointly completed by the Innovation Center for Clean-air Solutions, Beijing Normal University, Beijing University of Aeronautics and Astronautics, Beijing Asia-Pacific Outlook Environment Development Consulting Center and other institutions. The report was funded by the Energy Foundation and received support from many experts.

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