ABSTRACT
Humanity is on a path towards an inevitable green transition that has commonalities with previous industrial revolutions, paving the way to abundance, green growth, and employment creation. This will be true for some countries and regions but will require careful policy-making, particularly to manage the adjustment in the short and medium term. Expanding on this point is the objective of the remainder of this chapter, which is organised as follows. Section 9.2 posits that the green transition will resemble an industrial revolution. Section 9.3 outlines the economic consequences of a green industrial revolution, which will set in motion a host of broad political economy dynamics that are illustrated in Section 9.4. Section 9.5 offers five credible policy recommendations, and brief concluding remarks are provided in Section 9.6.
