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There Is No Alternative to Green Industrial Strategy

While many countries forge ahead with plans to ensure industrial competitiveness in a world that is committed to net-zero emissions, the United Kingdom remains a laggard, with politicians from both major parties backpedaling on previous promises. Such floundering is bad for both the planet and the economy.

DUBAI – With the COP28 climate summit now wrapped up, the spotlight remains firmly on the global financing gap. It is estimated that achieving the 2030 Sustainable Development Goals (SDGs) will require a staggering $5-7 trillion per year. But not only must we urgently secure the necessary capital; we also must ensure that long-term patient investments are strategically directed toward ambitious goals. That means coordinating inter-sectoral responses across different supply chains, which in turn requires a robust industrial strategy.

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