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Designing industrial strategy for a low carbon transformation

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journal contribution
posted on 2023-06-09, 14:24 authored by Jonathan Busch, Tim FoxonTim Foxon, Peter G Taylor
The recent re-emergence of industrial policy as a legitimate pursuit of governments in Europe and the US has the potential to open up a new realm of policy action for climate change mitigation. This would aim to align efforts to secure national industrial opportunities with the development of low carbon industrial systems, so as to generate both socio-economic and environmental benefits. The paper discusses the role of low carbon industrial strategy in seeking to do this, thereby accelerating transitions to a low carbon economy. It sets out the elements of a more systemic low carbon industrial strategy, including providing a mission-oriented and learning-based approach, drawing on and combining insights from neo-Schumpeterian and ecological economics perspectives.

Funding

Systemic approaches to low carbon transitions; G1918; ESRC-ECONOMIC & SOCIAL RESEARCH COUNCIL; RG.EVEA 102873

History

Publication status

  • Published

File Version

  • Published version

Journal

Environmental Innovation and Societal Transitions

ISSN

2210-4224

Publisher

Elsevier

Volume

29

Page range

114-125

Department affiliated with

  • SPRU - Science Policy Research Unit Publications

Research groups affiliated with

  • Sussex Sustainability Research Programme Publications
  • The Sussex Energy Group Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2018-08-07

First Open Access (FOA) Date

2018-11-22

First Compliant Deposit (FCD) Date

2018-08-06

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