The article in the Journal Nature stipulates that green industrial policy marks a shift in climate action, moving from solely focusing on the cost of mitigation to geoeconomic competition for the benefits of decarbonization. Governments now invest in clean technology manufacturing for economic, security, and climate goals. This competition could accelerate global decarbonization through faster technology deployment and cost reduction. However, it risks increased trade protectionism and widening global economic divides, creating uncertainty about its overall impact on global climate efforts.
