Don’t leave Global South out of green tech growth, UN warns

Mar 16, 2023, 5:10 AM
FILE - A worker makes arrangements of solar cells at Premier Energies Solar on the outskirts of Hyd...
FILE - A worker makes arrangements of solar cells at Premier Energies Solar on the outskirts of Hyderabad, India, Jan. 25, 2023. The majority of developing nations are set to miss out on the economic benefits of booming green technologies, a United Nations report warned Thursday, March 16, 2023. Countries like Mexico, the Philippines and India were part of a few countries singled out in the report as emerging nations with policies that will enable them to develop some of their green technology sectors for the future. (AP Photo/Mahesh Kumar A., File)
Credit: ASSOCIATED PRESS
(AP Photo/Mahesh Kumar A., File)

The majority of developing nations are set to miss out on the economic benefits of booming green technologies, slowing progress toward their climate goals and widening the inequality gap between rich and poor countries, a United Nations report warned Thursday.

The U.N.’s agency for trade and development, or UNCTAD, said that unless the international community and national governments actively tend to green tech industries in developing countries, the benefits associated with lower-emission technologies will be near inaccessible for many poorer nations particularly in Latin America, the Caribbean and sub-Saharan Africa.

“We are at the beginning of a technological revolution based on green technologies,” said UNCTAD Secretary-General Rebeca Grynspan. “Developing countries must capture more of the value being created in this technological revolution to grow their economies.”

Electric vehicles, solar and wind energy and green hydrogen are projected to reach a market value of $2.1 trillion by 2030, four times higher than they’re worth today. The industries are set to explode as nations try and limit their planet-warming emissions to try and curb warming to 1.5 or 2 degrees Celsius (2.7 to 3.6 degrees Fahrenheit).

Countries like Mexico, the Philippines and Vietnam were part of a few countries singled out in the report as emerging nations with policies that will enable them to develop some of their green technology sectors for the future. It also pointed to Brazil’s bioethanol industry and Chile’s green hydrogen potential as examples of successful clean energy industry takeoffs.

The report outlines more than a dozen technologies, including gene editing, blockchain, nanotechnologies and renewable power that are currently being used or developed mostly by industrialized nations. The body has made an urgent appeal to reform existing global trade and intellectual property transfer rules to allow developing countries to harness their own green industries and also be able to access technologies developed in richer states.

“Developing countries need agency and urgency in coming up with the right policy responses” to help the growth of green technology in their own nations, said Shamika Sirimanne, UNCTAD’s director of technology. Sirimanne urged developing nations to adopt innovation and energy policies that would propel their clean energy and technology industries.

The report found that total exports of green technologies from the industrialized north almost tripled from $60 billion in 2018 to over $156 billion in 2021. In comparison, Global South exports rose from $57 billion to $75 billion in the same time period.

High income nations like the United States, Sweden, Singapore and Switzerland dominated the report’s ranking of countries ready for the massive boom in the industry and are primed to benefit the most from spiking investments in green technology.

___

Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.

National News

LSU's Angel Reese (10) goes up to shoot over Miami's Kyla Oldacre (44) in the first half of an Elit...
Associated Press

Reese, LSU women push past Miami 54-42 to reach Final Four

GREENVILLE, S.C. (AP) — So much for Kim Mulkey’s timelines and cautioning against expecting too much, too soon at LSU. Two years in, and Mulkey’s return to lead her home-state program already includes another Final Four trip — and dreams of more. Angel Reese had 18 rebounds and LSU returned to the women’s Final Four […]
22 hours ago
Associated Press

Twitter: Parts of its source code leaked online

NEW YORK (AP) — Some parts of Twitter’s source code — the fundamental computer code on which the social network runs — were leaked online, the social media company said in a legal filing on Sunday that was first reported by The New York Times. According to the legal document, filed with the U.S. District […]
22 hours ago
Miami forward Norchad Omier celebrates after their win against Texas in an Elite 8 college basketba...
Associated Press

Miller, Wong rally Miami past Texas 88-81 for 1st Final Four

KANSAS CITY, Mo. (AP) — On the eve of Miami playing for a place in its first Final Four, the quiet conversation floating through the team hotel did not revolve around all that the Hurricanes had accomplished this season. Instead, they talked about what had happened to bring last season to a close. The sting […]
22 hours ago
People worship on the steps of the Rolling Fork United Methodist Church, right, as damage is visibl...
Associated Press

Churches provide solace in tornado-ravaged Mississippi Delta

ROLLING FORK, Miss. (AP) — As a deadly tornado tore through the lower Mississippi Delta, the Rev. Mary Stewart clung to a door in the hallway of her Rolling Fork home, shielding herself from the branches and chunks of debris that came flying through her shattered windows. Friday’s storm flattened entire town blocks, but the […]
22 hours ago
Rahwa Berhe, 30, who considers herself a crypto patron rather than an investor, speaks during an in...
Associated Press

Black, Hispanic investors struggle with faith in crypto

NEW YORK (AP) — A software developer twice invested his savings in cryptocurrencies, only to lose it all. But he still promotes it to the Black community and would like to get back in himself. A recent college graduate and a single mom are dabbling hopefully in bitcoin after attending a crypto workshop sponsored by […]
22 hours ago
San Diego State forward Aguek Arop (33) celebrates victory against Creighton in the second half of ...
Associated Press

San Diego State muscles past Creighton, makes 1st Final Four

LOUISVILLE, Ky. (AP) — Darrion Trammell converted a go-ahead free throw after he was fouled on a floater with 1.2 seconds left, and San Diego State muscled its way into its first Final Four, grinding out a 57-56 victory over Creighton on Sunday in the NCAA Tournament’s South Region final. Lamont Butler scored 18 points […]
22 hours ago

Sponsored Articles

Emergency Preparedness...

Prepare for the next disaster at the Emergency Preparedness Conference

Being prepared before the next emergency arrives is key to preserving businesses and organizations of many kinds.
SHIBA volunteer...

Volunteer to help people understand their Medicare options!

If you’re retired or getting ready to retire and looking for new ways to stay active, becoming a SHIBA volunteer could be for you!
safety from crime...

As crime increases, our safety measures must too

It's easy to be accused of fearmongering regarding crime, but Seattle residents might have good reason to be concerned for their safety.
Comcast Ready for Business Fund...
Ilona Lohrey | President and CEO, GSBA

GSBA is closing the disparity gap with Ready for Business Fund

GSBA, Comcast, and other partners are working to address disparities in access to financial resources with the Ready for Business fund.
SHIBA WA...

Medicare open enrollment is here and SHIBA can help!

The SHIBA program – part of the Office of the Insurance Commissioner – is ready to help with your Medicare open enrollment decisions.
Lake Washington Windows...

Choosing Best Windows for Your Home

Lake Washington Windows and Doors is a local window dealer offering the exclusive Leak Armor installation.
Don’t leave Global South out of green tech growth, UN warns