Green Industrial Policy (Green IP) aims to advance green industries and transform existing sectors to support the move towards low-carbon economies. Traditionally, industrial policy has focused on enhancing productivity and economic prosperity by supporting specific industries. However, the growing urgency of climate change has caused a shift towards Green IP, which attempts to balance economic growth with sustainable development. Hence, the world’s economic powerhouses, including the European Union, United States, and China, have pivoted their industrial strategies to prioritise sustainability.
This working paper aims to examine international practices of Green Industrial Policy and draw lessons for greening South Africa’s industrial policy.