State Ownership and Climate Change Mitigation: Overcoming the Carbon Curse?
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AbstractClimate policies have often focused on the role of State as a regulator. Meanwhile, their role as leading economic actors, especially as shareholders and investors, has been neglected. State-owned enterprises control significant shares of economic sectors which are central to a carbon-intensive economy (e.g. fossil fuels, power generation), in particular in emerging economies. Positioned within a general trend towards active ownership, this article seeks to initiate a debate on the role that State ownership policies could play in mitigating climate change. After assessing the position of State-owned enterprises in relevant sectors and countries, the article explores policy opportunities for State ownership policies not just to divest from unsustainable practices, but to actively lead the way towards a carbon-neutral economy.
All Author(s) ListBenoit Mayer, Mikko Rajavuori
Journal nameCarbon and Climate Law Review
Year2017
Month6
Volume Number11
Issue Number3
Pages223 - 233
ISSN1864-9904
LanguagesEnglish-United States
Keywordsclimate change mitigation, non-market approaches, state ownership, divestment

Last updated on 2020-25-10 at 02:12