Monday, May 13, 2013

Prodigious Growth Predicted for the Global Green Economy

Over the next seven years the global green market will grow by almost one and a half trillion dollars. According to a new UN report the green market will be worth 2.2 trillion by 2020. This represents a threefold increase from where we are today. Trade in certified products and in environmental goods and services is on the rise but nowhere near where it is expected to be in the coming years.

According to a United Nations Environment Programme (UNEP) report titled Green Economy and Trade-Trends, Challenges and Opportunities, the green market is destined to be a major driver of economic growth.

This growth is forecast to take place in reduced carbon technologies, energy efficiency and renewable energy.The report specifically identifies six economic sectors where green trade opportunities exist: agriculture, fisheries, forests, manufacturing, renewable energy and tourism.

This is good news for countries investing in the green economy and companies engaged in green trade. This is particularly good for nations and companies who are investing in renewable resources.

The surge in green growth is also a boon for developing countries with renewable energy. With the right leadership and a combination of public and private investment, these nations can jump ahead so that sustainable development becomes a very significant driver of economic growth.

© 2013, Richard Matthews. All rights reserved.

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