The G20 Sustainable Industrial Policy Report provided a strong foundation for collective action towards building diversified economic structures, said Deputy Minister of Trade, Industry and Competition, Zuko Godlimpi.
Godlimpi said the report made it clear that the world needed sustainable industrial policy now more than ever.
This is because our current systems of production and consumption, which are rooted in fossil fuels, resource depletion, and ecological degradation, are no longer compatible with a healthy planet or a just economy. The crises we face today are fundamentally tied to how economic value is created and distributed.