IEJ Statememt - G20 High-Level Principles on Green Industrial Policy

The Institute for Economic Justice (IEJ) delivered a statement on 18 March 2025 to the G20's Task Force 1 on Inclusive Economic Growth, Industrialisation, Employment, and Reduced Inequality. The statement advocates for the development of G20 High-Level Principles on Green Industrial Policy to drive a global green transition that prioritizes structural transformation, inclusive growth, and the reduction of global inequality.

• The IEJ defines green industrial policy as state-led initiatives designed to restructure industries to address ecological crises, specifically climate change, while sustainably meeting the global population's basic needs. These policies may also target secondary goals such as the creation of decent work, the structural transformation of underdeveloped economies, and the promotion of gender equity.
• The IEJ argues that current G20 efforts toward sustainable industrialisation, such as the 2016 G20 Initiative on Supporting Industrialisation in Africa and Least Developed Countries and the 2017 G20 Compact with Africa (CwA), are too limited. The IEJ claims these frameworks overemphasize private sector leadership, de-risking, export orientation, and compliance with trade and financial liberalisation, lacking a sufficient framework for equitable sustainable development.
• Global green industrial policies anchored in sustainable industries and technologies have the potential to create an estimated 24 million new jobs worldwide. The IEJ suggests the G20 can use these sectors to generate employment in regions most affected by environmental damage or industrial decline.
• To avoid locking countries into subordinate roles of commodity extraction or creating unhelpful competition, the IEJ advocates for a global alignment of green industrial policy. This approach should focus on structural transformation—enabling countries to move up value chains in green manufacturing—to create resilient economies based on domestic technological capabilities rather than extractive models.

APA

Institute for Economic Justice (n.d.). IEJ Statememt - G20 High-Level Principles on Green Industrial Policy. https://iej.org.za/wp-content/uploads/2025/03/IEJ-Statememt-G20-High-Level-Principles-on-Green-Industrial-Policy.pdf

Chicago

Institute for Economic Justice. IEJ Statememt - G20 High-Level Principles on Green Industrial Policy. n.d. https://iej.org.za/wp-content/uploads/2025/03/IEJ-Statememt-G20-High-Level-Principles-on-Green-Industrial-Policy.pdf.

Wikipedia

{{cite press release |author=Institute for Economic Justice |title=IEJ Statememt - G20 High-Level Principles on Green Industrial Policy |url=https://iej.org.za/wp-content/uploads/2025/03/IEJ-Statememt-G20-High-Level-Principles-on-Green-Industrial-Policy.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{instituteforeconomicjusticendiej, author = {{Institute for Economic Justice}}, title = {{IEJ Statememt - G20 High-Level Principles on Green Industrial Policy}}, publisher = {Institute for Economic Justice}, url = {https://iej.org.za/wp-content/uploads/2025/03/IEJ-Statememt-G20-High-Level-Principles-on-Green-Industrial-Policy.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }