ecoweek.ca Canada's environmental news weekly since 1972
January 5, 2004
Environmental sector rated among top five areas for entrepreneurial opportunity
TORONTO, ONT-Environmental products and services has been ranked as one of the top five business sectors offering entrepreneurs the best prospects for success, according to Profit magazine's 8th annual Opportunity Guide, a compilation of the best businesses to go into now. The guide points out that in coming years, Ottawa will invest more than $1 billion in helping Canada meet its Kyoto Protocol commitments, including $302 million to help industry reduce emissions and $250 million to encourage the development of emission-reduction technologies. On the consumer side, there will be increased demand for building insulation materials, energy-efficient appliances and solar water-heating equipment. On the industrial side, there is growth potential in retrofitting office towers, factories and other buildings to make them more energy-efficient. Business will also need engineers and environmental consultants to conduct energy audits, provide compliance advice and help them trade emissions credits. (Other open windows of opportunity cited include home and business security, tutoring and educational aids, private label products and near-urban recreational properties.) More information is available at www.PROFITguide.com.