| Title |
Green industrial policy for climate action in the basic materials industry |
| ID_Doc |
31487 |
| Authors |
Löfgren, Å; Ahlvik, L; van den Bijgaart, I; Coria, J; Jaraite, J; Johnsson, F; Rootzen, J |
| Title |
Green industrial policy for climate action in the basic materials industry |
| Year |
2024 |
| Published |
Climatic Change, 177, 9 |
| DOI |
10.1007/s10584-024-03801-7 |
| Abstract |
Historically, the basic materials industry has had relatively low R&D expenditure levels, raising concerns about meeting 2050 climate targets given the crucial need for innovation and technology advancement in this industry. Decisive government intervention and active support for key technological pathways are required to address significant market failures and catalyse industrial decarbonisation. This Essay lays out the economic justification for an active green industrial policy and proposes key policy design principles, with the aim of striking a balance between facilitating the green industrial transition and maintaining cost efficiency in meeting climate targets. |
| Author Keywords |
Green industrial policy; Basic materials industry; Industrial decarbonisation |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED) |
| EID |
WOS:001310150800001 |
| WoS Category |
Environmental Sciences; Meteorology & Atmospheric Sciences |
| Research Area |
Environmental Sciences & Ecology; Meteorology & Atmospheric Sciences |
| PDF |
https://doi.org/10.1007/s10584-024-03801-7
|