Trade, when accompanied by appropriate policies for the environment and society, can be a principal driver of the transition to an inclusive green economy. Since 2002, the financial volume of international trade has more than tripled. Trade can open domestic production to larger and often completely new global markets for environmental goods and services, thereby encouraging or even providing the basis for investment and growth in green industries.
The 2030 Sustainable Development Agenda recognizes international trade and investment as key and cross-cutting means of implementation for the Sustainable Development Goals (SDGs). The historical agreement reached at the COP21, also known as the Paris Climate Conference, opens a new chapter in the journey of tackling climate change and is expected to trigger actions that drive the development and diffusion of clean technologies and green transport. Global trade in environmental goods is presently estimated at USD 1 trillion annually and is projected to grow to USD 2-3 trillion by 2020.