Green economy and trade: trends, challenges and opportunities
An increase in trade in environmental goods and services and certified products can stimulate the transition to a green economy, according to this report, simultaneously creating further opportunities for increased trade in such products and services. The report analyses challenges to such a transition, in particular for developing countries and provides suggestions to overcome them. It begins by discussing current trends in trade flows, impacts of trade on natural resources and the environment, and the situation of the least developed countries (LDCs), in particular regarding their reliance on natural resource-based products and raw materials. It analyses emerging opportunities in six sectors: agriculture, fisheries, forestry, manufacturing, renewable energy and tourism. The report then highlights several challenges including: limitations in financial and human resources; weak regulatory frameworks; lack of enforcement mechanisms; and poor economic infrastructure.