External publications

Rent management: the heart of Green Industrial Policy

Schmitz, Hubert / Oliver Johnson / Tilman Altenburg
External Publications (2015)

in: New Political Economy 20 (6), 812-831

Volltext/Document

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.