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The Renewable Energy Transition Energy Path Divergence, Increasing Returns and Mutually Reinforcing Leads in the State-Market Symbiosis

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  • Stephen Bell

Abstract

This paper argues that mutually reinforcing relations between states and processes of investment, innovation and technological change are facilitating a global energy transition which is making a contribution to global climate challenge mitigation. This process challenges an existing theory of market-capitalism that argues such a change will be institutionally impeded, in part due to short-termist financial pressures on business. The paper argues instead that a pattern of mutually-reinforcing leads involving state and markets is underway, with markets and price changes likely to reduce the costs of climate mitigation and hopefully help embolden states and climate change policy.

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  • Stephen Bell, 2020. "The Renewable Energy Transition Energy Path Divergence, Increasing Returns and Mutually Reinforcing Leads in the State-Market Symbiosis," New Political Economy, Taylor & Francis Journals, vol. 25(1), pages 57-71, January.
    • Handle: RePEc:taf:cnpexx:v:25:y:2020:i:1:p:57-71
    DOI: 10.1080/13563467.2018.1562430
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    Cited by:

    1. Xi Liu & Yugang He & Renhong Wu, 2024. "Revolutionizing Environmental Sustainability: The Role of Renewable Energy Consumption and Environmental Technologies in OECD Countries," Energies, MDPI, vol. 17(2), pages 1-21, January.
    2. Zhang, Yao & Zhang, Yuxin & Gong, Chao & Dinçer, Hasan & Yüksel, Serhat, 2022. "An integrated hesitant 2-tuple Pythagorean fuzzy analysis of QFD-based innovation cost and duration for renewable energy projects," Energy, Elsevier, vol. 248(C).

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