TRANSFORMING ECONOMIES: How Is the Green Transition Shaping Trade and Industrial Policies? A Focus on Morocco

Rim Berahab

No 2407, Research papers & Policy papers on Commodities & Energy from Policy Center for the New South

Abstract: Green industrial policies are essential to enable the structural transformations needed for a successful transition to a low-carbon economy. Because of the pressing need to decouple economic growth from environmental degradation, it is imperative to reallocate resources strategically from carbon-intensive sectors to sustainable, high-productivity industries. This transition is critical both to mitigate the impacts of climate change and to promote long-term economic growth and sustainability. This paper examines Morocco’s green transition and identifies several key issues that must be addressed to ensure success. These include the need for a coherent institutional framework, the implementation of effective regulatory measures, and greater private-sector involvement. Furthermore, the analysis highlights the importance of regional collaboration, innovation, and research and development in overcoming challenges to a sustainable transition. It also analyses the European Union’s Carbon Border Adjustment Mechanism (CBAM) as a case study of how trade policies can be used to encourage decarbonization and align international trade practices with environmental objectives.

Date: 2024-09
New Economics Papers: this item is included in nep-ara, nep-ene, nep-env, nep-int and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:ocp:rpcoen:pp_13-24

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