the need for innovation and new green and inclusive business models also provides an opportunity for companies to contribute to green growth and climate action on a profitable basis by developing new products and services diversifying their business streams as well as reaching new targets a survey of the heads of caring for climate members a coalition of businesses under the un global compact found that over half viewed climate change as a driver of growth and innovation in their companies over the next five years un global compactaccenture furthermore green sectors have experienced higherthanaverage growth rates over the last few years for example the green and renewable energy sector ranks first globally in compounded annual growth rates cagr in revenues by sectors over as shown by nyu stern which tracks historical cagr in revenues and net income by sectors in the same time span the total global market cagr in revenues was for comparison nyu stern