To avoid irreversible damage to global ecosystems, new “green” technologies are needed. Some of those are still far from commercial maturity. In such cases, governments may create temporary rents to make investments “artificially” attractive. The creation of such rents, however, involves...

In a bid to make renewable energy technology deployment strategies politically acceptable, many countries are linking them to socio-economic goals, such as job creation, economic development and building competitiveness. A controversial industrial policy tool that is becoming increasingly...

It is now widely accepted that the countries that managed to catch up with the old industrialised, high-income countries are the ones whose governments proactively promoted structural change. But industrial policies also frequently fail. The risk of failure is particularly high in latecomer...

This Discussion Paper presents a normative concept of green industrial policy, which is defined as encompassing any policy measure aimed at aligning the structure of a country’s economy with the needs of sustainable development within established planetary boundaries. The paper elaborates on...

Mitigating climate change by reducing carbon emissions is one of the biggest and most complex issues the world has ever faced. Technological innovation plays a major role in taking on this challenge. Old and new industrial powers alike are increasingly reforming their policy frameworks to...