“Big Push” Green Industrial Policy

Niko Jaakkola, Frederick (Rick) van der Ploeg and Anthony Venables

EconPol Forum, 2023, vol. 24, issue 06, 32-36

Abstract: Carbon pricing is a central part of climate policy, but is politically difficult while the economy is still reliant on fossil fuels The long-lived green investments required to break the carbon lock-in depend on expected taxes, not current taxes Policies which target the expectations of the private sector can shock the economy and move it onto a green path Green industrial policy can leverage technological/political feedbacks to kick-start the transition Fossil fuel bans can help break the technological and political lock-in into carbon reliance

Date: 2023
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