Green industrial policy: Key challenges and policy design in decarbonizing the basic materials industries

Inge van den Bijgaart, Åsa Lindman, Åsa Löfgren, Patrik Söderholm

Research output: Chapter in Book/Report/Conference proceedingEntry for encyclopedia/dictionaryAcademic

Abstract

This chapter discusses the rationale for, and the design of, green industrial policy to decarbonize the basic materials industries. Green industrial policy plays a key role in addressing investment coordination challenges and supporting innovation and deployment of clean technologies. By targeting specific sectors or industries, green industrial policy complements general policy measures, such as carbon pricing, broad tax incentives for private R&D, and intellectual property rights (IPR) policies. The chapter emphasizes the critical need for establishing robust institutions that balance the risk of regulatory capture with the need to accurately identify and support appropriate technologies. Overall, the chapter shows the multifaceted nature of policy design and implementation in the pursuit of decarbonizing the basic materials industries.
Original languageEnglish
Title of host publicationEncyclopedia of Energy, Natural Resource, and Environmental Economics (Second Edition)
EditorsTommy Lundgren, Moriah Bostian, Shunsuke Managi
PublisherElsevier Science
Pages213-221
Volume1
ISBN (Electronic)978-0-323-91407-9
DOIs
Publication statusPublished - 2025

Fingerprint

Dive into the research topics of 'Green industrial policy: Key challenges and policy design in decarbonizing the basic materials industries'. Together they form a unique fingerprint.

Cite this