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Pathways to Industrialization in the Twenty-First CenturyNew Challenges and Emerging Paradigms$
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Adam Szirmai, Wim Naudé, and Ludovico Alcorta

Print publication date: 2013

Print ISBN-13: 9780199667857

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199667857.001.0001

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Climate Change and Industrial Policy

Climate Change and Industrial Policy

(p.271) 10 Climate Change and Industrial Policy
Pathways to Industrialization in the Twenty-First Century

Wim Naudé

Oxford University Press

Industrial policy is vital for sustainability in its broadest sense: both environmental as well as societal sustainability will depend on industrial policy. In a world characterized by growing inter- and intra-country inequality, industrialization offers scope for providing job opportunities, incomes, and the chance for industrially lagging countries to catch up. In a world facing the specter of climate change, low-carbon industrialization, and green growth paths have become imperatives. Moreover, promoting low-carbon industrialization and obtaining its accompanying development benefits will itself improve the ability of currently poor countries to adapt to climate change. It is the case that the best defence against climate change is economic development. Although the Earth’s climate has always been changing there is now wide agreement that the climate is warming and that human emission of greenhouse gases is a contributing factor.

Keywords:   industrial policy, sustainability, industrialization, climate change, low-carbon, economic development

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