Where will global South rank in new green economic order?

ABSTRACT

Speed read Index shows that green economic growth is based on previous tech expertise Developing countries have smaller industrial base from which to build But lack of historic industrialisation may leave them free to innovate With widespread calls for green transitions in the wake of the COVID-19 crisis, developing countries are predicted to remain at the bottom of the global economic ladder, a study claims. Oil prices have fallen to record lows and climate change is prompting global economic shifts, but low- and middle-income countries risk missing out on green opportunities due to their lack of industrial production expertise. Paul Steele, chief economist at the International Institute for Environment and Development, an independent research organisation, says that developing countries whose economies are less dependent on fossil fuels and monocrops might find it generally easier to transition to the green economy.