As concerns over climate change, energy security and strategic autonomy grow, countries are increasingly adopting green industrial policies to drive the net-zero transition.
This paper investigates the role of green industrial policies, with a particular emphasis on green subsidies. It highlights the potential benefits and risks associated with green industrial policies and the importance of ensuring that these policies are well-targeted, time-bound and supported by robust monitoring and evaluation mechanisms.
It also calls attention to the existing data gaps regarding the scale, scope and impact of green industrial policies noting that closing these gaps is crucial for maximizing their effectiveness.