Why we need a green industrial policy

Pegels, Anna
External Publications (2014)

in: Green industrial policy in emerging countries, London: Routldege, 1-8

ISBN: 978-0-415-87067-2
Information

‘Why we need a green industrial policy’ is the introductory chapter to ‘Green industrial policy in emerging countries’ (Pegels (ed.) 2014, Routledge). It is our aim in this book to identify the key drivers of green industrial policy, the processes involved and the factors on which its success depends. ‘Greening’ the economy, transforming it to ensure environmental sustainability, is becoming increasingly urgent at the current rates of natural resource depletion. It is, however, a goal which will require enormous investment. As markets in their current form are failing to provide the required incentives, governments must take the driver’s seat. There they will face lobbying from various interest groups, with a serious risk of political capture, windfall profits and rent seeking. Managing rents is therefore at the heart of green industrial policy and is the focus of the book. Taking support for renewable energy technologies as our example, we show how governments can manage rents to mobilize private investment in clean technologies while avoiding inefficiencies. We focus on the emerging powers, which are so important for the future of our planet.

About the author

Pegels, Anna

Economist

Pegels

Further experts

Aleksandrova, Mariya

Climate risk governance 

Altenburg, Tilman

Economic Geography 

Bauer, Steffen

Political scientist 

Brandi, Clara

Economy and Political Science 

Chan, Sander

Enviroment Policy 

Dippel, Beatrice

Comparatist 

El-Haddad, Amirah

Economy 

Fuhrmann, Hanna

Economy 

Gudibande, Rohan

Economist 

Herrmann, Raoul

Economy 

Hägele, Ramona

Political Scientist 

Iacobuta, Gabriela

Environmental Researcher 

Kuhn, Sascha

Social Psychology 

Lehmann, Ina

Political Scientist 

Loewe, Markus

Economy 

Malerba, Daniele

Economy 

Mathis, Okka Lou

Political Scientist 

Never, Babette

Political Scientist 

Rodríguez de Francisco, Jean Carlo

Ecological Economist 

Sommer, Christoph

Economist 

Srigiri, Srinivasa Reddy

Agricultural Economist 

Vrolijk, Kasper

Economist 

Zintl, Tina

Political Scientist