Rent Management – The Heart of Green Industrial Policy

Hubert Schmitz · Oliver Johnson · Tilman Altenburg

80 citations0/0 files storedNew Political Economy

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Climate Change Policy and Economics Natural Resources and Economic Development Sustainable Development and Policies

Abstract

At the heart of green industrial policy is rent management: government creating and withdrawing opportunities for profitable investment. This paper asks what the key factors are for rent management to succeed. Drawing on a range of literatures, the paper first deals with the critical success factors for ‘normal’ rent management and then turns to one of the most pressing and controversial issues of our time: how to bring about the transition to green energy. This is extra challenging because technological uncertainties are high, time horizons for investment are long, yet action is required now.

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References

2007The Economics of Climate Change 2008The Political Economy of the Rent-Seeking Society 1995Embedded Autonomy 1990Asia's Next Giant: South Korea and Late Industrialization 1993Dictatorship, Democracy, and Development 1995Embedded autonomy: states and industrial transformation 2010The Economics of Climate Change 2004Industrial Policy for the Twenty-First Century

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2017The developmental state in global regulation: Economic change and climate policy

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