Global trade slows down, but green industry grows, says UN

However, according to the same source, the trade in organic products grew by around 4% in the second half of 2022.

The accumulated value reached a record number of 1,9 trillion dollars in 2022, which represents an increase of more than 100 billion compared to 2021.

“This is good news for the planet,” said Alessandro Nicita, one of the report’s authors. “These goods are essential to protect the environment and combat climate change,” he added.

Eco-friendly goods That performed particularly well included electric and hybrid vehicles (+25%), non-plastic packaging (+20%) and wind turbines (+10%).

UNCTAD expects green industries to grow as countries step up their efforts to combat climate change and reduce emissions.

The organization predicts that the global market for electric vehicles, solar and wind energy, green hydrogen and a dozen other green technologies will reach $2,1 trillion by 2030, four times their current value.

What is green hydrogen?

Green hydrogen is a form of clean, renewable energy produced from the electrolysis of water using electricity generated from renewable sources such as solar, wind or hydropower. This production is considered “green” because it does not emit greenhouse gases or pollutants, making it a promising alternative to fossil fuels. 💚

(To AFP)

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