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The Green Industrial Revolution: Lessons from the History of Past Energy Transitions

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  • Alessio Terzi
  • Roger Fouquet

Abstract

The challenges associated with today’s green transition echo dynamics during past energy revolutions Improvements in energy efficiency and sobriety can be part of a decarbonization strategy but with muted impact An effective and credible climate policy must be chiefly targeted at accelerating a Green Industrial Revolution Governments have many tools to do so, including taxation, regulation, public investment, and industrial policy Cushioning blows to income and consumption of low-income households will be important in avoiding social backlash, slowing decarbonization

Suggested Citation

  • Alessio Terzi & Roger Fouquet, 2023. "The Green Industrial Revolution: Lessons from the History of Past Energy Transitions," EconPol Forum, CESifo, vol. 24(06), pages 16-22, November.
    • Handle: RePEc:ces:epofor:v:24:y:2023:i:06:p:16-22
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