Environmental compliance: a market opportunity. Table 2.1 shows estimates of the size of the market for environmental technologies and services needed to comply with environmental standards. In 1996 the OECD, using a fairly narrow definition of the industry, estimated that the global compliance market would be about US$300 billion by the year 2000 (OECD 1996b).

a List the trends observable in the figures contained in Table 2.1.

b Explain the factors that have encouraged these trends. 

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Region 1992 2000 2010 North America 100 147 240 Latin America 2 4 15 Europe 55 65 98 167 Asia-Pacific 85 63 149 Rest of the world 7 Total 252 319 571 Table 2.1 Size of the global environment compliance market (in US$ billions)