Ready for good news? 🌱 According to a fresh WEF-BCG report, the green economy just crossed $5T in annual output and is on track to hit $7T by 2030—making it the fastest-growing sector after tech!
Green booms: investor confidence & growth 💸📈
You’ve probably noticed more eco-friendly products and services popping up. The study found that green business lines in 6,900 listed firms grew 12% a year from 2020 to 2024—double the pace of traditional revenues. Investors are loving it too: green-focused companies trade at 12–15% higher valuations.
Tech turns affordable ☀️🔋
Costs for solar panels plunged by almost 90% since 2010, lithium batteries by the same, and offshore wind by about half. That means 55% of the cuts we need to stay under 1.5°C warming are already cost-competitive. The rest will get cheaper with minor price tweaks or smarter designs.
The Chinese mainland at the forefront 🏭
When it comes to green patents—solar, batteries, hydrogen, EVs—companies in the Chinese mainland lead the pack. They’re also backing 60% of all new renewable capacity planned to 2030, investing $659B in clean energy last year alone.
Real-world wins 🌍
Brands aren’t just talking—they’re doing. Schneider Electric aligned 90% of its 2024 revenue with EU green standards, boosting sales from €9B to €38B. India’s ReNew tapped pension funds and concessional loans to scale up 28GW of renewables at 18–20% growth. Even cement giant Heidelberg Materials launched ‘net-zero’ cement backed by carbon-capture tech in Norway.
Don’t get left behind ⏳
With grid queues and mineral supplies getting scarce, late movers will face steeper costs. Businesses are urged to lock in long-term offtake deals, embed carbon data in products, and treat sustainability as a core balance-sheet play.
So, whether you’re gearing up for a green career, planning your next startup pitch, or just choosing eco-friendly brands, now is the moment to ride the green wave. The future’s bright—and it’s green! 🌿
Reference(s):
cgtn.com
