How is Green Transition reshaping industrial development?
The energy and green transition is reshaping industrial development in two ways: (i) changing how manufacturing industries source and use energy, and (ii) fostering the emergence of new energy-generating industries, such as solar, hydrogen and biomass. For manufacturing industries , this transition entails adopting clean energy sources , decarbonizing production processes , and embracing circular economy principles to remain competitive and sustainable. In a global market that increasingly prioritizes sustainability , industrial competitiveness will increasingly be tied to industry’s capacity to comply with environmental regulations . At the same time, energy-generating industries are undergoing a transformation. The rapid growth of renewable energy sectors —such as solar, hydrogen and wind —coupled with advancements in energy efficiency , is creating new competitive advantages for countries and firms that lead in these technologies. Leaders in renewableene...