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Climate Change and Industrial Policy

Author

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  • Wim Naudé

    (Maastricht School of Management, Endepolsdomein 150, 6229 EP Maastricht, The Netherlands and UNU‐ WIDER, Katajanokanlaituri 6b, 00160 Helsinki, Finland.)

Abstract

Industrial 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.

Suggested Citation

  • Wim Naudé, 2011. "Climate Change and Industrial Policy," Working Papers 2011/03, Maastricht School of Management.
  • Handle: RePEc:msm:wpaper:2011/03
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    References listed on IDEAS

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    Cited by:

    1. Lin, Boqiang & Omoju, Oluwasola E. & Okonkwo, Jennifer U., 2015. "Impact of industrialisation on CO2 emissions in Nigeria," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 1228-1239.

    More about this item

    Keywords

    climate change; sustainable development; industrialization; industrial policy; low‐ carbon growth;

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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