Green Industrial Policies: North vs South Comparative Analysis

Abstract

The goal of green industrial policy, a strategic government initiative, is to hasten the growth and development of green industries to facilitate the shift to a low-carbon economy. In this study comparative analysis will be applied to compare two or more countries in order to point out their similarities and differences this will be applied with qualitative and quantitative method. The aim of the study is to determine which green industrial policies are more effective in raising competitiveness, boosting productivity, and fostering economic growth. Some nations are trying to tackle climate change, but their efforts are failing because they do not have a well-defined green industrial policy. Stronger and more intelligent policies to support industrial development and job creation are needed, according to an increasing number of governments and institutions worldwide, to turn the decarbonization imperative into an opportunity for green growth. Additionally, the Sustainable Development Goals (SDGs) of the United Nations, which integrate environmental protection, deep decarbonization, and aims for economic growth and good jobs, constitute a green growth agenda. The study will advance knowledge, research, and development for all underdeveloped nations, particularly those in the Sub-Saharan region The study will advance knowledge, research, and development for all underdeveloped nations, particularly those in the Sub-Saharan region. The framework can do more to help Countries have one Generic green industrial policy which will give guidance to all developing countries (BRICS) and help are uniform to cater all communities manage urban wetlands, identifying opportunities for other countries that are still emerging. It can facilitate research and peer-to-peer exchange on innovative funding and financing methods for green industrial projects. It is thefore important to developing countries that are behind to catch up with green industrial economy for the development and growth of the economy. The policy implication of the study will be the study will not support workers and communities that are negatively affected by the green transition as most of the communities are still not up to speed with issues of green transition and policies Findings and recommendations resulting from this study will be summarized into a strategic guide by the end of 2025.