‘GREENING’ GLOBAL TRADE VITAL FOR SUSTAINABLE DEVELOPMENT – UN REPORT

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From: UNNews <UNNews@un.org>
Date: 8 May 2013 19:00:00 -0400
Subject: 'GREENING' GLOBAL TRADE VITAL FOR SUSTAINABLE DEVELOPMENT – UN REPORT
To: news11@ny-mail-p-lb-028.ptc.un.org

'GREENING' GLOBAL TRADE VITAL FOR SUSTAINABLE DEVELOPMENT – UN
REPORTNew York, May 8 2013 7:00PMIn an increasingly interconnected
world where trillions of dollars worth of goods and services are
traded annually, the rabidly expanding market for low-carbon and
environmentally friendly products will create new opportunities, the
United Nations environmental agency today reported.

The report, <i>Green Economy and Trade – Trends, Challenges and
Opportunities</i>, finds that developing countries with abundant
renewable resources are well-positioned to capitalize on the
opportunities provided by "green" products to increase their share in
international markets for sustainable goods and services, according to
a news release by the UN Environment Programme (UNEP).

The report analyzes six economic sectors – agriculture, fisheries,
forests, manufacturing, renewable energy and tourism – where trade
opportunities exist, and identifies measures, such as policy reforms
and certification, that can help developing countries benefit from
these markets.

"Transitioning to a green economy can facilitate new trade
opportunities, which in turn will help to make global trade more
sustainable," Achim Steiner, UN Under-Secretary-General and Executive
Director of the UN Environmental Programme (UNEP).

"At the same time, trade in environmental goods and services is
clearly an area where many developing countries have a competitive
advantage. With the right policies and price regimes in place,
developing countries are well-positioned to help drive the global
transition to a more sustainable economy."

While still representing only a small percentage of the global market,
trade in certified products and in environmental goods and services is
on the rise in absolute terms.

For example, the global market in low-carbon and energy efficient
technologies, which include renewable energy supply products, is
projected to nearly triple to $ 2.2 trillion by 2020.

"If we are to reverse the global decline in biodiversity, mitigate the
release of greenhouse gases (GHG), halt the degradation of lands and
protect our oceans, then it is an imperative that international trade
becomes more sustainable and contributes to protecting that 'natural
capital' of economies in the developing world."

The report also identifies area where public and private actions can
support developing countries' where public and private actions can
support developing countries' efforts to access greener international
markets.May 8 2013 7:00PM
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