- 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
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