The report ‘Green industrial policy’ addresses policymakers, advisors, researchers and practitioners and makes a case for accelerating structural change toward a green economy, in developing and developed countries alike. To do so, it:
- Discusses the conceptual foundations of green industrial policy;
- Shows the economic and social co-benefits of a green transformation;
- Analyses the key policies that support structural change and enhance productivity, while taking social and environmental concerns into account; and
- Examines case studies farom four countries at different levels of income and technological capacity.
The book gives a detailed overview of different policies and instruments for green industrial policy. These include market-based mechanisms, such as environmental taxes, tradable permits, and subsidies and regulatory instruments. The chapters on ‘Pricing environmental resources’, ‘Phasing out polluting sectors’, ‘Developing green technologies and phasing them in’, and ‘Promoting circular economy’ discuss the use of these policy instruments in detail.
The publication also provides advice on how to overcome political deadlocks that might challenge the implementation of green industrial policy: it calls for a sequenced approach and pilot-testing when introducing industrial policy, coalition building and stakeholder involvement in the transformational change, and control mechanisms to monitor and evaluate the policy implementation.