“We are at the beginning of a technological revolution based on green technologies,” said UNCTAD Secretary-General Rebecca Greenspan.
“This new technological revolution will have a major impact on the global economy.”
The benefits of low-emission technology remain out of reach for many poor countries, particularly in Latin America, the Caribbean and sub-Saharan Africa, the report said.
Unless the international community and national governments strongly support green technology firms in developing countries.
In the year By 2030, the market value of green hydrogen, solar and wind power, and electric vehicles is expected to quadruple to $2.1 trillion.
Governments are trying to keep emissions that contribute to global warming to 1.5 or 2 degrees Celsius (2.7 to 3.6 degrees Fahrenheit).
The study identified policies that would allow a few developing countries, including Mexico, the Philippines and Vietnam, to expand some areas of green technology in the future.
He cited Brazil’s bioethanol sector and Chile’s potential for green hydrogen as examples of the growth of the clean energy industry.
The report lists more than a dozen technologies, mostly used or developed by industrialized countries, including gene editing, blockchain, nanotechnology and renewable energy.