Green Industrialization and Economic Growth Opportunities Discussed at COP31

Within the scope of COP31, a high-level dialogue session addressed the contributions of green industrialization to economic growth, employment opportunities, and international cooperation in transitioning to low-emission production.

A high-level dialogue session titled "Capturing the Opportunity of Investment, Employment, and Growth for Every Economy" was held within the framework of COP31. At the session, Heike Henn, State Secretary at the German Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection, and Edward Miliband, UK Secretary of State for Foreign, Commonwealth and Development Affairs, delivered speeches drawing attention to the importance of green industrialization.

German State Secretary Heike Henn stated that industry accounts for approximately 25 percent of the country's emissions and GDP, while providing employment for 8 million people. Henn noted that energy prices and geopolitical tensions pose challenges, but green transition offers an energy security and risk reduction strategy, adding that they support the Antalya Green Industrialization Consensus presented by the COP31 Presidency of Turkey and co-chair the Climate Club, which brings together more than 50 countries.

UK Foreign Secretary Edward Miliband announced that green industrialization is growing three times faster than the general economy and provides employment for 1 million people in the country. Miliband explained that more than 100 billion pounds of private sector investment has been committed in the UK since 2024, that the 90 million pound Green Industries Demand Accelerator has been launched to support green industrial markets in developing countries, and that 45 million pounds has been allocated for pilot applications of innovative technologies.