In this conversation, Adam Dixon and Amir Lebdioui delve into the intricacies of green industrial policy, emphasising its necessity in a climate-conscious world. They explore the economic advantages for developing countries to adopt green strategies, the challenges of fossil fuel development, and the importance of equity in energy transitions. The discussion also highlights the role of oil companies in the energy transition and the need for effective monitoring and evaluation of industrial policies. Ultimately, they stress the importance of adaptability and the involvement of civil society in shaping successful green policies. The discussion also highlights global examples of successful green policies, particularly focusing on China's competitive landscape in green technology and the geopolitical implications of these developments.
Takeaways
- Developing countries can benefit economically from green policies. The narrative around green development needs reframing for developing nations.
- Fossil fuel production will continue but in reduced quantities. Equity in fossil fuel extraction is crucial for fair transitions.
- Oil companies have expertise that can aid in the energy transition.
- Green industrial policy requires adaptation to local contexts.
- Monitoring and evaluation are essential for effective policy implementation.
- Learning from failures is key to successful industrial policy.
- Civil society should play a role in monitoring industrial policies.
- Green industrial policy should be flexible and responsive to change.
- Successful examples of green policies can be found globally, including in Costa Rica and Malaysia.
- China's approach to green technology involves significant market competition.
- Long-term planning and gradual implementation can lead to successful transitions to green technologies.
- The relationship between government and private sector should be collaborative, not parasitic.
- Adaptation to changing conditions is essential for maintaining competitive advantages.
- A cooperative approach with China could benefit global sustainability efforts.
Adam Smith's Panmure House:
Adam Dixon:
Amir Lebdioui:
https://www.qeh.ox.ac.uk/person/amir-lebdioui
Survival of the Greenest: Economic Transformation in a Climate-conscious World
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