Low-carbon tech is a $5.5 trillion market

The existing $5.5 trillion market for low carbon technologies and products is just the tip of the iceberg, following the historic, universal and legally binding global climate deal.

So says Bertrand van Ee, CEO of Climate-KIC, the EU’s main climate innovation initiative, after the COP21 agreement in Paris on a global action plan to put the world on track to avoid dangerous climate change, by limiting global warming to well below 2°C.

He singled out a hydro-powered irrigation pump that can double crop yields in developing countries, without using any fuel or electricity, as one of the range of low carbon innovations to emerge from Climate-KIC.