Rent Management - The Heart of Green Industrial Policy
New Political Economy
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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.