Climate Change and Industrial Policy
AbstractIndustrial policy (IP) can make an important contribution to both environmental and social sustainability. The purpose of this paper is to explore the new rationale for IP due to climate change and to determine its implications for the how of industrial policy. Five implications are discussed, namely the need for international coordination of IPs; for putting human‐ development, and not emission targets, as the overriding objective of low‐carbon IP; of stimulating innovation for energy efficiency, energy diversification, and carbon capture and storage; and for aligning IP with trade policies. Finally the funding needs of low‐carbon IPs are discussed, and the importance of private sector funding emphasized.
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Bibliographic InfoPaper provided by Maastricht School of Management in its series Working Papers with number 2011/03.
Length: 35 pages
Date of creation: Mar 2011
Date of revision:
climate change; sustainable development; industrialization; industrial policy; low‐ carbon growth;
Other versions of this item:
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
- O25 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-25 (All new papers)
- NEP-ENE-2012-01-25 (Energy Economics)
- NEP-ENV-2012-01-25 (Environmental Economics)
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