Joan- week 9_ Green industrial policy

Joan- week 9_ Green industrial policy - How does green...

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How does green industrial policy differ from conventional industrial policy ? By Joan Ezeogu
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Green Industrial Policy Conventional Industrial Policy Market Failure Types : Public Goods , Externalities , Coordination failures Types: Asymmetric Information and Imperfect Competition Uncertainty and Horizons High levels of uncertainty within Long-time horizons based on fundamentals of applied natural science. Dynamics of complex ecosystems The technical feasibility and commercial applicability of new transformative Technologies Global policy approaches The impact of innovative policy instruments Perils of uncertainty due to: Limited information Risk-prone simulation of future scenarios Green Industrial policy vs Conventional Industrial Policy
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Green Industrial policy vs Conventional Industrial Policy cont… Green Industrial Policy Conventional Industrial Policy Creating New Pathways Transformative technologies at global and national levels The role of path dependency and lock-in effects Behavioural patterns and consumer preferences Nurturing new technologies – not picking winners Industrial sectors The are winners and losers, where there is arbitrary selection by bureaucrats Disrupting Old Pathways
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