Environmental

Environmental Technology is one of the largest and most dynamic growth markets in the world and Australia’s recent change of federal government should provide a considerable boost to the industry locally. Symbolically, the new government’s first formal act was the ratification of the Kyoto protocol.

Furthermore, three major targets have been set:

Meeting these targets will require substantial investments and the government has promised funds for initiatives and technologies to accelerate the process.

Australia’s fragile environment stands to suffer more from climate change than most countries. It has been experiencing a devastating drought it is threatened with the loss of its snowfields –(a vital water source for the food bowl of Australia) and the potential devastation of the Great Barrier Reef. Australia also possesses an abundance of renewable energy sources including solar, wind, tidal and wave, geothermal and hydro.

“We are very excited about expanding into this field. The size of the market and its growth are made even more attractive by a local and global regulatory environment that is encouraging investment in this area. We expect that the Australian government’s recent commitments will continue to drive the sector’s growth rates.” Damien Kenny, Managing Director of Bastille

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