Low-Carbon Tech Trade Barriers Block Developing Nations

Swift Summary

• More than 90% of global trade in low-carbon technologies is conducted between high-income countries and China.
• The analysis is based on international trade data, focusing on items essential for transitioning to cleaner energy solutions.

Indian Opinion Analysis
The findings highlight the dominance of high-income countries and China in the low-carbon technology market, raising questions about accessibility and equity in green technology for developing nations like india.As India aims to lead global renewable energy efforts through initiatives like solar power expansion and EV production, diversifying partnerships beyond existing major players could reduce dependency and foster innovation. Strengthening domestic capabilities may also be crucial for achieving both sustainability goals and geopolitical self-reliance in this pivotal sector.Read More