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  68