Innovation in Green Technologies
Samuel Asuquo Edet, Chiara Criscuolo, Ejona Fuli, Selin Gonca Ozyurt, Ralf Martin, Chhavi Rastogi, Samuel Rosenow, Fabian Scheifele, Trang Thu Tran, Verena Wiedemann, Nadege Yameogo and Golvine de Rochambeau
Demand for cleaner, more efficient technologies is transforming global markets and with it, the geography of innovation. Over the last 15 years, markets for new energy technologies and climate resilience have outpaced growth in other sectors by over 30 percent compared to exports overall.
This report explores whether such opportunities extend to businesses in low- and middle-income countries (LMICs). The findings are cautiously optimistic. While high-income countries still dominate green exports, LMICs have been improving their comparative advantage over the past two decades.
15 July 2025
International Finance Corporation
Innovation in Green Technologies
This External report is part of the centre's Growth programme, Green Transition programme.
This publication comes under the following theme: Innovation drivers, Clean growth, Green technology adoption and diffusion