Zürcher Nachrichten - Green tech boom looms but poor nations risk being eclipsed: UN

EUR -
AED 3.984634
AFN 77.56712
ALL 99.127792
AMD 424.348269
ANG 1.9421
AOA 994.80399
ARS 1163.850307
AUD 1.724277
AWG 1.955435
AZN 1.84319
BAM 1.964894
BBD 2.189735
BDT 131.789976
BGN 1.954188
BHD 0.408889
BIF 3174.259686
BMD 1.084846
BND 1.457345
BOB 7.493684
BRL 6.174294
BSD 3.791537
BTN 92.699048
BWP 15.010474
BYN 3.549127
BYR 21262.983544
BZD 2.178382
CAD 1.554102
CDF 3114.593484
CHF 0.957911
CLF 0.027022
CLP 1036.939387
CNY 7.884769
CNH 7.897935
COP 4506.711059
CRC 544.821651
CUC 1.084846
CUP 28.748422
CVE 110.708861
CZK 24.942826
DJF 192.799023
DKK 7.461441
DOP 68.69784
DZD 145.046656
EGP 54.860122
ERN 16.272691
ETB 140.867604
FJD 2.519556
FKP 0.839492
GBP 0.836509
GEL 2.993805
GGP 0.839492
GHS 16.765734
GIP 0.839492
GMD 78.247558
GNF 9383.574349
GTQ 8.36766
GYD 227.763243
HKD 8.443102
HNL 27.734028
HRK 7.530571
HTG 141.513386
HUF 403.884833
IDR 18137.082926
ILS 4.016192
IMP 0.839492
INR 92.813311
IQD 1419.303152
IRR 45676.669083
ISK 144.340882
JEP 0.839492
JMD 169.594287
JOD 0.76914
JPY 162.827792
KES 140.213378
KGS 93.877209
KHR 4332.047762
KMF 494.139489
KPW 976.382987
KRW 1596.067609
KWD 0.33449
KYD 0.902322
KZT 546.155529
LAK 23469.732242
LBP 96901.234981
LKR 319.672018
LRD 216.908012
LSL 19.946564
LTL 3.203268
LVL 0.656213
LYD 5.219212
MAD 10.446638
MDL 19.481946
MGA 5066.424805
MKD 61.773965
MMK 2277.645242
MNT 3776.765703
MOP 8.693874
MRU 43.065507
MUR 49.495241
MVR 16.752302
MWK 1878.820351
MXN 22.180926
MYR 4.812883
MZN 69.305178
NAD 19.946564
NGN 1667.293007
NIO 39.879762
NOK 11.291355
NPR 148.570907
NZD 1.892415
OMR 0.41766
PAB 1.084846
PEN 3.980195
PGK 4.437134
PHP 62.094626
PKR 303.356658
PLN 4.200668
PYG 8621.05341
QAR 3.949115
RON 4.999724
RSD 117.693617
RUB 91.701374
RWF 1538.711624
SAR 4.068095
SBD 9.221526
SCR 15.713848
SDG 651.412459
SEK 10.754909
SGD 1.457422
SHP 0.852519
SLE 24.767132
SLL 22748.681451
SOS 618.7805
SRD 39.98303
STD 22454.123957
SVC 9.492628
SYP 14105.677435
SZL 19.946564
THB 37.086899
TJS 11.82506
TMT 3.794538
TND 3.366507
TOP 2.612129
TRY 41.140982
TTD 7.341352
TWD 36.069618
TZS 2870.619072
UAH 44.756125
UGX 3959.2121
USD 1.084846
UYU 45.72442
UZS 14006.747164
VES 75.49409
VND 27816.269894
VUV 133.843548
WST 3.077784
XAF 658.852652
XAG 0.032126
XAU 0.000347
XCD 2.937115
XDR 0.816598
XOF 658.852652
XPF 119.331742
YER 266.878728
ZAR 20.438512
ZMK 9764.917148
ZMW 30.531693
ZWL 349.320001
  • CMSC

    0.0600

    22.5

    +0.27%

  • CMSD

    0.0100

    22.83

    +0.04%

  • GSK

    -0.2300

    37.64

    -0.61%

  • RIO

    -0.3300

    59.9

    -0.55%

  • NGG

    0.0000

    65.78

    0%

  • AZN

    -0.3800

    72.22

    -0.53%

  • BP

    0.0000

    33.81

    0%

  • SCS

    0.1400

    11.46

    +1.22%

  • RBGPF

    0.0000

    68

    0%

  • BTI

    -0.8500

    40.25

    -2.11%

  • JRI

    0.0600

    13.04

    +0.46%

  • BCC

    3.1600

    102.07

    +3.1%

  • RELX

    0.3100

    50.98

    +0.61%

  • BCE

    -0.9600

    21.82

    -4.4%

  • RYCEF

    -0.2700

    9.78

    -2.76%

  • VOD

    -0.1500

    9.12

    -1.64%

Green tech boom looms but poor nations risk being eclipsed: UN
Green tech boom looms but poor nations risk being eclipsed: UN / Photo: Julia Han JANICKI - AFP

Green tech boom looms but poor nations risk being eclipsed: UN

The green technology industry could be worth several trillion dollars by 2030 but developing countries will miss out on the boom unless they jump in now, the UN said Thursday.

Text size:

From a roughly equal position three years ago, green technology exports from the most advanced countries are already racing ahead of developing nations, warned the United Nations' trade and development agency, UNCTAD.

And without intervention to close the gap, early adopters will build in lasting advantages, making it even harder for developing countries to catch up, UNCTAD said.

"We are at the beginning of a technological revolution based on green technologies," said the agency's chief Rebeca Grynspan.

"Missing this technological wave... would have long-lasting negative implications."

UNCTAD estimated that 17 key frontier technologies, which are at the leading edge of green innovation, could create a market worth more than $9.5 trillion by 2030 -- up from $1.5 trillion in 2020.

The technologies include artificial intelligence, electric vehicles, green hydrogen, biofuels, nanotechnology, 5G, gene editing, robotics, 3D printing, wind energy and blockchain.

They can be used to produce goods and services in a way that leaves a smaller carbon footprint.

The United States and China currently dominate these fields, with a combined 70 percent of patents.

- Richest gaining ground -

As for readiness to adopt and exploit such technologies, UNCTAD's ranking chart is dominated by high-income countries, led by the United States, Sweden, Singapore, Switzerland and the Netherlands.

Of the BRICS nations, Russia is ranked 31st, China 35th, Brazil 40th, India 46th and South Africa 56th -- the highest on the African continent.

China's lower-than-expected position is due to patchy rural internet coverage and slow broadband speed.

However, several Asian countries are over-performing, with India 67 places higher than its GDP per capita ranking, the Philippines 54 spots higher and Vietnam 44 places higher, leaving them well-placed to seize the initiative.

Latin America, the Caribbean and sub-Saharan Africa are at highest risk of missing current windows of opportunity.

Despite a level start, a gap is already opening up in green tech exports, with developed countries pulling away from the rest with exponential growth.

Total green tech exports from developed countries jumped from around $60 billion in 2018 to more than $156 billion in 2021, while over the same period, exports from developing nations -- China included -- rose from $57 billion to around $75 billion.

In those three years, developing countries' share of global exports fell from over 48 percent to below 33 percent.

- Trade, climate, IP rules tangled -

UNCTAD noted that smaller developing countries, which have done little to cause climate change, were often set to feel the brunt -- yet were left struggling to access the technology that could help them mitigate against it.

The agency's deputy leader Pedro Manuel Moreno said they were caught between promoting economic growth and protecting the environment.

"They need more investment, more tech transfer and more international coherence between global climate and trade agreements," Moreno told reporters.

He said trade rules should be changed to help developing countries protect nascent green industries through tariffs, subsidies and public procurement.

The trading system has to be streamlined with the landmark Paris Agreement on climate change, he said, so that green tech can be transferred effectively to developing nations.

Shamika Sirimanne, UNCTAD's technology and logistics director, said a "less stringent intellectual property regime at the global level is needed urgently" to help such countries benefit.

She called for a patents waiver to promote the transfer of climate change-related technology.

T.Gerber--NZN