Comparative Capitalisms in the Green Transition

Abstract

What strategies do government adopt to foster a green transition? Do green investment policies conform to countries’ idiosyncratic growth models and/or pre-eminent industrial regimes? How can green-minded policy-makers overcome organized resistance and promote decarbonization policies? Over the last three decades, countries have made increasing efforts to transition away from fossil fuels and shift towards low-carbon economies. However, there is variation in how different countries specialize with respect to the ‘green global value chain’ (innovation, manufacturing, deployment of green technologies), and the policy ‘mixes’ they adopt to pursue such goals. The panel covers the comparative political economy of a green transition and green industrial policies, focusing specifically on variation across green industrial strategies, political initiatives taken by governments and organized interests (unions, employers), and what coalitions can be crafted in diverse contexts.

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