Green industrial policy consists of a series of policy tools aimed at promoting the development of specific green industries. They can stimulate enterprises to invest in green technologies through measures such as research and development subsidies and tax incentives, and guide the whole society to reduce environmental negative externality behaviors.
Read MoreClimate Policy Lab postdoctoral scholar Zdenka Myslikova discusses the conversations at COP26 surrounding funding climate solutions and clean energy technology.
Read MoreFletcher School postdoctoral scholar Zdenka Myslikova maps out the case for private-public partnerships to accelerate the energy innovation process in the United States, citing examples from the United Kingdom and Chile.
Read MoreLast fall, President Xi Jinping surprised the world with his announcement that China would achieve climate neutrality by 2060. This bold step and accelerates an already long list of major Chinese national efforts that not only will help China transform its domestic economy, but also put China in a leadership position globally with respect to having a mid-century target.
Read MoreDenmark’s announcement that it will phase out oil and gas production in its waters by 2050 and cancel all future licensing of acreage for oil and gas exploration may be symbolic given the country’s shrinking number of prospective areas but it is significant nonetheless. It is the largest oil and gas producer to set a firm end date for oil and gas development and builds on a trend of developed nations working towards ending oil exploration within their national borders including New Zealand, France, and Belize. The Danish decision will add pressure to other countries like Norway to rethink their oil and gas policies in the wake of commitments to climate change action. Several oil producing countries have failed to generate strong interest in auctions for exploration licenses recently amid flagging oil prices, including notably Brazil whose offering of exploration acreage failed to attract bids from the international oil majors in late 2019.
Read MoreIn 2022, the view from the windows of the hourly flights between Washington DC and Boston will change as wind machines appear off the northeast coast. The excitement around offshore wind intensified this week as the oil major, BP purchased a 50% share in two proposed windfarms off New York and Massachusetts from Norway’s Equinor, a giant energy company turned wind developer, in a $1.1 billion deal. This sale demonstrates the significance of the offshore wind sector (OSW) as energy giants like Equinor and BP recognize the future importance of large-scale renewables.
Read MoreIt’s been over ten years since the 2009 financial crisis economic stimulus packages targeted clean energy companies and today’s headlines highlight the payoff. Clean energy companies outperformed the S&P 500 in 2019 and looks poised to payout even more to investors in 2020. Tesla received a $465 million federal loan during the U.S. 2009 stimulus to design electric vehicles and begin manufacturing and its market capitalization surpassed that of ExxonMobil earlier this year. Tesla is not the exception to the rule. A comprehensive study of the US Department of Energy’s SBIR grant program found that the awards led to positive impacts on patenting and revenue innovative companies.
Read More
