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Don't leave Global South out of green tech growth, UN warns

Don't leave Global South out of green tech growth, UN warns

21 Sept 05:54 Key points summarised by AI
  • The UN warns that most developing nations are set to miss out on the economic benefits of booming green technologies, which will widen global inequality and hinder climate goals.
  • The market for green technologies, including electric vehicles and renewable energy, is projected to reach $2.1 trillion by 2030, but industrialized nations currently dominate development and exports.
  • UNCTAD urges the international community to reform trade and intellectual property rules to allow developing countries to access and build their own green tech industries.
  • Developing nations are encouraged to adopt proactive innovation and energy policies to foster the growth of green technology within their economies and capture more value from this technological revolution.
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