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Green industrial policy for climate action in the basic materials industry
Department of Economics, University of Gothenburg, Gothenburg, Sweden; Luleå University of Technology, Luleå, Sweden.
Department of Economics and Management, University of Helsinki, Helsinki, Finland.
Utrecht University School of Economics, Utrecht University, Utrecht, Netherlands.
Department of Economics, University of Gothenburg, Gothenburg, Sweden.
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2024 (English)In: Climatic Change, ISSN 0165-0009, E-ISSN 1573-1480, Vol. 177, no 9, article id 147Article in journal (Refereed) Published
Abstract [en]

Historically, the basic materials industry has had relatively low R&D expenditure levels, raising concerns about meeting 2050 climate targets given the crucial need for innovation and technology advancement in this industry. Decisive government intervention and active support for key technological pathways are required to address significant market failures and catalyse industrial decarbonisation. This Essay lays out the economic justification for an active green industrial policy and proposes key policy design principles, with the aim of striking a balance between facilitating the green industrial transition and maintaining cost efficiency in meeting climate targets.
Place, publisher, year, edition, pages
Springer Nature, 2024. Vol. 177, no 9, article id 147
Keywords [en]
Basic materials industry, Green industrial policy, Industrial decarbonisation
National Category
Climate Science
Identifiers
URN: urn:nbn:se:umu:diva-229654DOI: 10.1007/s10584-024-03801-7ISI: 001310150800001Scopus ID: 2-s2.0-85203526417OAI: oai:DiVA.org:umu-229654DiVA, id: diva2:1897832
Funder
Swedish Research Council Formas, 2020-00174Available from: 2024-09-16 Created: 2024-09-16 Last updated: 2025-04-24Bibliographically approved

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Jaraite, Jurate

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CiteExportLink to record
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