Green industrial policy for climate action in the basic materials industry
Abstract 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.
Authors
- Inge van den Bijgaart (ORCID: https://orcid.org/0000-0003-0180-8792)
- Johan Rootzén (ORCID: https://orcid.org/0000-0001-9408-2382)
- Filip Johnsson (ORCID: https://orcid.org/0000-0003-3106-5379)
- Lassi Ahlvik (ORCID: https://orcid.org/0000-0001-8357-6985)
- Jessica Coria (ORCID: https://orcid.org/0000-0002-6754-9511)
- Jūratė Jaraitė (ORCID: https://orcid.org/0000-0002-0023-3846)
- Åsa Löfgren (ORCID: https://orcid.org/0000-0002-4528-1753)
Institutions
- University of Helsinki (FI)
- Vilnius University (LT)
- Luleå University of Technology (SE)
- Utrecht University (NL)
- University Hospital of Umeå (SE)
- IVL Swedish Environmental Research Institute (SE)
- Chalmers University of Technology (SE)
- University of Gothenburg (SE)
- Umeå University (SE)
Publication Details
- Journal
- Climatic Change
- Published
- 2024-09-01
- DOI
- https://doi.org/10.1007/s10584-024-03801-7
- Citations
- 5
- Primary Topic
- Climate Change Policy and Economics
- Type
- article
- Field-Weighted Citation Impact
- 5.65
Funders
- Stiftelsen för Miljöstrategisk Forskning
- Svenska Forskningsrådet Formas
- Vetenskapsrådet
- Göteborgs Universitet