- The “green economy” surpassed $5 trillion in annual value in 2024 and is projected to top $7 trillion annually by 2030, according to a new report from the Boston Consulting Group and the World Economic Forum.
- The Tuesday report classified the green economy as “commercial solutions with a clear environmental purpose or solutions that are a direct response to environmental challenges,” which included activities focused on mitigation, adaptation and resilience.
- “Recent geopolitical developments, energy security considerations and short-term economic pressures have shifted the conversation on climate action,” the report said, but added that actual investments in sustainable solutions have continued to increase.
- “Recent headlines may suggest that the climate transition is stalling,” Valdre and Hernold wrote. “Yet, overall growth in the green economy has not wavered. On the contrary, investments in green technologies keep jumping from record to record.”
Green economy now worth over $5 trillion annually: report | ESG Dive
Related Posts
University of Virginia Printing and Copying Services has joined Two Sides North America, the non-profit organization that promotes and encourages the responsible production, use, and sustainability of print and paper. “We are proud to have UVA Printing and Copying Services join us as a member organization. Our Two Sides coalition of university members is now at 14 and includes many schools with in-house printing facilities, and those that offer graphic communications as well as Paper Science & Engineering programs. They are a key part of our network to ensure the facts about print and paper reach the students, teachers and parents,” said Phil Riebel, Two Sides North America President. Click Read More below for additional information.
The Home Depot® today announced the addition of solar installations at 50 stores as it continues to expand its alternative energy portfolio, essentially creating mini solar farms out of unused rooftops. The project will reduce electricity grid demand by an estimated 30 to 35 percent annually at each Home Depot store; the equivalent of powering 2,300 average U.S. homes for a year. The average store roof, at approximately 104,000 square feet, will accommodate 1,000 panels. The Home Depot is working with Current, powered by GE, on 20 solar installations at stores in New Jersey, as well as eight stores in Connecticut, Maryland and Washington, DC. An additional 22 stores in California and New York will receive solar, of which six will utilize Tesla Powerpacks to store energy and dispatch additional power as needed. Click Read More below for additional detail.
Last September, PEFC Austria concluded the Wish forest campaign, run in collaboration with DIY store BAUHAUS and laminate flooring brand LOGOCLIC. The campaign saw 60,000 trees planted in Austrian forests, with active support of pupils from local primary schools. The young trees for the planting campaign were sponsored by LOGOCLIC and BAUHAUS. The companies promised to plant a tree for every five m2 of LOGOCLIC Wish Forest Edition laminate flooring sold. The final outcome for 2019 was an incredible 60,000 trees planted in the autumn.