Global Trade Update (November 2025): Trade – a catalyst for achieving the Paris Agreement

Trade policy is a strategic driver of climate action. 

• By lowering costs and expanding access to clean technologies, it can accelerate the global transition to low-carbon economies while also boosting exports.
• Trade in solar and wind technologies and their components is growing faster than other industrial goods.

• In 2021, exports of environmentally preferable goods such as biodiversity-based products reached $3.7 trillion.
• In 2023, non-plastic substitutes exports hit $485 billion.
• In 2024, exports of other environmental goods reached $2 trillion. 

Increasing and diversifying exports in low-carbon industries can generate the revenues needed to fund the climate transition and meet Nationally Determined Contributions (NDCs) under the Paris Agreement.