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Consumer awareness of the human impact on the planet is on the rise, and global demand for green technology is growing alongside it.
In a report titled Green Technology and Sustainability Market, Fortune Business Insights reports that the green tech market will rise to $41.2 billion by 2028 while exhibiting an impressive compound annual growth rate (CAGR) of 20.3%.
Several industries are implicated in this movement. The World Economy Forum, for example, directly confronted the growing carbon footprint of cryptocurrency mining in 2021, while the automotive industry saw a huge increase in demand for up-and-coming electronic vehicle manufacturers Lucid Group Inc. LCID and Rivian Automotive Inc. RIVN as consumers developed an environmentally…