Countries that get a head start in developing low-carbon technologies today will be the major economies of tomorrow. The ‘green race’ is the idea that economies can strategically position themselves to take advantage of growing low-carbon markets and succeed in capturing global market share.

The discussion paper by ClimateWorks Australia and Vivid Economics suggests that Indonesia can be competitive in geothermal, energy storage and industrial efficiency. Further, a low-carbon industrial strategy can help realign Indonesia’s economy towards these increasingly profitable sectors and leverage their strengths to improve its position in the ‘green race’.