The industrial policy requirements for a global climate stabilization project

Robert Pollin

International Review of Applied Economics, 2021, vol. 35, issue 3-4, 389-406

Abstract: This paper presents an industrial policy approach for advancing a global climate stabilization project. The centerpieces of the project are 1) dramatically improving energy efficiency standards in the stock of buildings, automobiles and public transportation systems, and industrial production processes; and 2) equally dramatically expanding the supply of clean renewable energy sources – primarily solar and wind power – available at competitive prices. Global investment spending in these areas will need to average about 2.5% of global GDP over 2024–2050 to achieve a net zero CO2 emissions global economy by 2050. The paper works within a policy approach similar to that advanced by Malcolm Sawyer that integrated industrial and macroeconomic policies targeted at achieving full employment.

Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10.1080/02692171.2020.1755239 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:irapec:v:35:y:2021:i:3-4:p:389-406

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CIRA20

DOI: 10.1080/02692171.2020.1755239

Access Statistics for this article

International Review of Applied Economics is currently edited by Professor Malcolm Sawyer

More articles in International Review of Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().