There is a general view that potential opportunities do exist but quantification remains difficult. Recent work by international bodies such as the United Nations, OECD, ILO and CEDEFOP has tried to assess both the current and future opportunities in relation to green growth, although much of this work is still in its infancy. Global markets for low carbon and environmental goods and services are growing. In London the growth of the low carbon sector has remained significantly above the trend growth rate for London’s economy despite the global financial crisis. Similarly, venture capital investment in green industry increased its overall market share between 2003 and 2008 from 1.6 % to 11 % and a net worth of $US3 billion by 2007.64 This suggests that a more buoyant financial services sector in Sydney could be well placed to develop green financial products and services, such as caibon trading and carbon finance, under a supportive policy and regulatory environment. Whilst the on-going decline of the manufacturing sector is problematic, this is being driven much more by deindustrialisation and global economic change than the shift to greener growth.