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Environmental technology from Austria enjoys massive demand on global market

Wind turbine in field © photocase.com/kai

© photocase.com/kai

22. September 2010

Ecological expertise from Austria is celebrating worldwide success. Three Austrian companies are among the global top 20 investors in environmental technology.

The increase in alternative environmental technologies which save energy and resources is becoming ever more important for the sustainable progress of the world we live in. Renewable energy from hydropower, solar energy and biomass are rapidly growing industry sectors.
 
It is therefore no surprise that according to the World Investment Report , from the United Nations Conference on Trade and Development (UNCTAD), direct investment by transnational companies in the fields of renewable energy, recycling and low-carbon technologies rose to EUR 70bn in 2009.

One particularly positive finding is that 3 Austrian companies are already among the world’s top 20 investors in environmental technology:


The growth market in environmental products and services is also undergoing a boom when it comes to Austrian exports. There are currently 185,000 people in Austria working in so-called green jobs. By 2030 this figure is expected to rise by 100,000 in the fields of environmental technology and renewable energy.

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