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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.