Climate Change and Industrial Policy

Wim Naudé

Sustainability, 2011, vol. 3, issue 7, pages 1003-1021

Abstract: Industrial policy (IP) can make an important contribution to both environmental and social sustainability. The purpose of this paper is to explore the new rationale for IP due to climate change and to determine its implications for the how of industrial policy. Five implications are discussed, namely the need for international coordination of IPs; for putting human-development, and not emission targets, as the overriding objective of low-carbon IP; of stimulating innovation for energy efficiency, energy diversification, and carbon capture and storage; and for aligning IP with trade policies. Finally the funding needs of low-carbon IPs are discussed, and the importance of private sector funding emphasized.

Keywords: climate change; sustainable development; industrialization; industrial policy; low-carbon growth (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2011
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Related works:
Working Paper: Climate Change and Industrial Policy (2011)
Working Paper: Climate Change and Industrial Policy (2011)
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Persistent link: http://EconPapers.repec.org/RePEc:gam:jsusta:v:3:y:2011:i:7:p:1003-1021:d:13178

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