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University College London
Energy intensive industries are at the heart of the socio-economic fabric of the UK, and many other countries. However, the low-carbon industrial transition requires both major technical achievements as well as societal transformations. In this landscape, incumbent industries face a difficult position:
The strategic positioning of firms towards decarbonisation can entail important risks or benefits to business performance and society. This brief illustrates the political economy of industry strategies – i.e. their connection with markets, citizens, and the state, to highlight potential vicious and virtuous cycles of transformation in national energy pathways.
This project was funded by IDRIC (under EPSRC award number: EP/V027050/1). The views and opinions expressed are those of the author(s) only and do not necessarily reflect those of IDRIC. Neither IDRIC nor EPSRC can be held responsible for them.