Bob Carr (NSW, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

The products covered by the commitment on environmental goods include solar water heaters, components to reduce the release of pollutants and machinery to process water and waste water. Australia's export of environmental products on the list of 54 goods was valued at $1.2 billion in 2011. As Dr Emerson has pointed out, the total value of the environmental goods market in the APEC region is estimated at around $432 billion. In other words, there is a significant potential for Australian businesses in these sectors.

The outcome will provide Australian companies with more opportunities to trade with the region in crucial technologies such as solar cells, water treatment and environmental-monitoring equipment. As economies have a greater uptake of these products it will also provide Australian environmental services companies with further export opportunities. (Time expired)