Green industrial policy for climate action in the basic materials industry

Åsa Löfgren; Lassi Ahlvik; Inge van den Bijgaart; Jessica Coria; Jūratė Jaraitė; Filip Johnsson; Johan Rootzén

doi:10.1007/s10584-024-03801-7

Green industrial policy for climate action in the basic materials industry

Åsa Löfgren, Lassi Ahlvik, Inge van den Bijgaart, Jessica Coria, Jūratė Jaraitė, Filip Johnsson, Johan Rootzén

Taloustieteen osasto

Tutkimustuotos: Artikkelijulkaisu › Artikkeli › Tieteellinen › vertaisarvioitu

Abstrakti

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.

Alkuperäiskieli	englanti
Artikkeli	147
Lehti	Climatic Change
Vuosikerta	177
Numero	9
ISSN	0165-0009
DOI - pysyväislinkit	https://doi.org/10.1007/s10584-024-03801-7
Tila	Julkaistu - syysk. 2024
OKM-julkaisutyyppi	A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä, vertaisarvioitu

Lisätietoja

Publisher Copyright:
© The Author(s) 2024.

Tieteenalat

1172 Ympäristötiede
218 Ympäristötekniikka

Pääsy asiakirjaan

10.1007/s10584-024-03801-7Lisenssi: CC BY

s10584-024-03801-7Lopullinen julkaistu versio, 0,98 MBLisenssi: CC BY

Muut tiedostot ja linkit

Link to publication in Scopus

Siteeraa tätä

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AU - Ahlvik, Lassi

AU - van den Bijgaart, Inge

AU - Coria, Jessica

AU - Jaraitė, Jūratė

AU - Johnsson, Filip

AU - Rootzén, Johan

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N2 - 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.

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KW - Green industrial policy

KW - Industrial decarbonisation

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