The advantages of lower-emission technology will be nearly unattainable for many poorer nations.
This would hinder their progress toward achieving their climate objectives and exacerbate the gap between rich and poor countries, warned the report published by the UN on Thursday."We are at the beginning of a technological revolution based on green technologies," said UNCTAD Secretary-General Rebeca Grynspan.
By 2030, the market value of green hydrogen, solar and wind energy, and electric vehicles is expected to increase by four times to $2.1 trillion. The research singled out a select few nations as growing nations with policies that will allow them to expand some of their green technology sectors in the future, including Mexico, the Philippines, and Vietnam.
The report lists more than a dozen technologies, largely being used or developed by industrialized countries, including gene editing, blockchain, nanotechnologies, and renewable energy.The UN organization has issued an urgent call for reforming current international trade and intellectual property transfer laws so that developing nations may access both innovations created in wealthier states as well as their own green sectors.
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