The Green Industrial Revolution: Lessons from the History of Past Energy Transitions

Alessio Terzi and Roger Fouquet

EconPol Forum, 2023, vol. 24, issue 06, 16-22

Abstract: The challenges associated with today’s green transition echo dynamics during past energy revolutions Improvements in energy efficiency and sobriety can be part of a decarbonization strategy but with muted impact An effective and credible climate policy must be chiefly targeted at accelerating a Green Industrial Revolution Governments have many tools to do so, including taxation, regulation, public investment, and industrial policy Cushioning blows to income and consumption of low-income households will be important in avoiding social backlash, slowing decarbonization

Date: 2023
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