RESEARCH SPOTLIGHT
Green Growth
Change is sweeping across the global economy as countries recognize that the world must slash emissions to prevent a climate catastrophe. Decarbonization will reduce demand for dirty goods and services and increase demand for those that are cleaner and greener. The question is not what you can do to reduce your country’s emissions but how you can supercharge your country’s development by breaking into fast-growing industries that will help the world reduce its emissions and reach net zero.
In this article for Finance and Development, the IMF's flagship magazine, Growth Lab director Ricardo Hausmann shares his thoughts on how developing economies can capitalize on the green transition. |