Las Cifras del Sector - Industry Facts and Figures 29 Green goods, also called ”environmentally friendly goods”, refers to products designed to use fewer resources or emit less pollution than their traditional counterparts. Trade in green goods bucked the global downward trend, rising by around 4% in the second half of the year. The combined value of these goods hit a record $1.9 trillion in 2022, an increase of more than $100 billion over 2021. Green goods that performed particularly well included electric and hybrid vehicles (+25%), non-plastic packaging (+20%) and wind turbines (+10%). GREEN TRANSITION UNCTAD foresees a boom in green industries as countries ramp up their efforts to combat climate change and reduce their emissions. In its recent Technology and Innovation Report 2023, the organisation forecasts that the global market for electric cars, solar and wind power, green hydrogen and a dozen other green technologies will reach $2.1 trillion by 2030, four times its current value. ”The patterns of international trade are anticipated to become more closely tied to the transition towards a greener global economy,” says the Global Trade Update. Green goods refer to products designed to use fewer resources or emit less pollution than their traditional counterparts.
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