Summary
Emerging market economies are claiming a rising share of trade in products associated with the new technologies that help reduce pollution, limit greenhouse gas emissions, and help mitigate the impact of extreme weather.
Indeed, technological advances and falling costs in areas such as renewable energy, are helping developing economies close in on high-income countries’ dominance of the sector, new research from IFC shows. To continue to capitalize on opportunities in this area, low- and middle-income countries will need the help of sound policy making and increased investment in research, presenting a key opportunity to international investors.
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