Green industrialisation: Opportunities for developing countries
Green industrialisation creates key opportunities for developing countries and is a major chance for them to reposition their economies in emerging green value chains. ECDPM believes there is a major case for linking these economic transformation objectives with Europe's accelerated decarbonisation agenda: arguing for mutually beneficial partnerships.
As part of a new video series featuring ten ECDPM experts on our 2024 highlights, Alfonso Medinilla gives a brief overview of all the ECDPM work on green industrialisation in 2024, and what awaits next year for green industrial partnerships.
Our work has three main areas of focus:
- The political economy of green industrialisation: This involves examining the conditions within developing countries, global trends, and developments in Europe. In-depth studies have been conducted on specific sectors, including battery manufacturing and energy-intensive industries like green ammonia production for fertilisers and green steel production in North African countries. These studies highlight that while there are numerous opportunities, significant barriers to implementation exist.
- Bridging the gap between African countries and Europe: ECDPM plays a crucial role in bridging the understanding between African and European stakeholders on issues related to green industrialisation, trade, and finance. Our work on the Carbon Border Adjustment Mechanism (CBAM) is a prime example of this bridging function.
- Climate and trade agenda: This area of work examines how to connect climate action with trade policies and European finance for green industrialisation. ECDPM collaborates with various partners and organisations to ensure that the external dimension and the economic transformation objectives of developing countries are incorporated into European policy discussions.
Looking ahead, we aim to connect our research to the agenda of the new European Commission in 2025 and advocate for incorporating the external component and the industrialisation objectives of developing countries into European policy formulation.
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