Green growth and the new industrial revolution

The green growth transition will be large, system-wide and structural. In other words, a new industrial revolution. This will require new green growth policies that foster economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies. More and better evidence is needed to support the design of effective green growth policies and to understand their impact on the economy. This policy brief summarises the main policy implications of a two-year research programme, sponsored by the Global Green Growth Institute (GGGI), which aimed to contribute to the growing evidence base. The research programme focused on a number of important aspects of green growth, primarily as related to climate change, namely climate-resilient development, the economics of internalising the carbon externality via carbon pricing and the impact of green growth policies on jobs and innovation.