By 2050, green activities are expected to create a market opportunity of $10.3tn. The green technology and sustainability market, worth $46.54bn in 2022, is expected to grow to $417.35bn by 2030, with a compound annual growth rate of 21.6%. Not only is this good business, but it also brings the mass benefits to the planet and its eight billion human residents: a clear win-win situation, right? Not quite.
In the final COP27 agreement, the cover decision outlined that “at least $4tn to $6tn a year” needs to be invested for a global transformation to a low-carbon economy, and that “about $4tn a year” needs to be invested in renewable energy until 2030, including technology and infrastructure, to reach net-zero emissions by 2050. This does not even reference the need for greenhouse gas emissions reductions to be net-negative only a quarter of a century from today.
