CONTENTS
Green Tech research 2
I— Cheuvreux’s Green Tech coverage 9
II— The green way out, through stimulus 11
􀁑 Does economic stimulus create upside? 11
􀁑 Country profiles 13
􀁑China 14
􀁑Japan 16
􀁑US 18
􀁑Denmark 20
􀁑 Finland 21
􀁑France 22
􀁑Germany 24
􀁑Greece 26
􀁑 Italy 28
􀁑 Netherlands 30
􀁑Norway 32
􀁑Spain 33
􀁑Sweden 35
􀁑 United Kingdom 36
III— Sector profiles 38
IV— The lean way 39
􀁑 Building materials & construction 41
􀁑 Energy efficiency companies 42
􀁑 Automobiles & auto components 43
􀁑 Capital goods – electrical equipment – efficiency players 45
􀁑 Rail tech sector 47
V— The clean way 49
􀁑 Investment drivers remain strong 49
􀁑 Solar power: under pressure in 2009 51
􀁑 Wind turbine producers 53
􀁑 Wind developers 55
􀁑 Eco-products & services: certification & testing 57
VI— The green way 59
􀁑 Waste treatment: challenges and opportunities 59
􀁑 Water services market: solid and lasting fundamentals 60
􀁑 Waste: favourable regulation 62
􀁑Water 64
􀁑 Biofuels sector 66
􀁑 Enzymes sector 6