OAFP 8130 - Industrial Policy and the Green Transition

Confronted to the immense challenge of financing the green transition, many states in the global North as well as the global South have implemented some sort of “green industrial policy”, ie all kinds of public intervention aimed at fostering and channeling investment towards “green” sectors or technologies, and/or discouraging investment away from “brown” sectors or technologies. This represents a clear rupture with the previous orthodoxy, which largely built on free competition and limitation of state aids (see the foundations of the TFEU on competition rules).
The class will focus on the modalities of implementation of green industrial policies in the European context and encourage the students to discuss how green industrial policies may foster or impede the green transition. We will examine the implication of different state actors in the green industrial policy: the ECB, the governments and the public banks, as well as the different tools available to these actors. We will also discuss how private actors react to the development of green industrial policies.
Building on the literatures in international political economy, economics, law and business studies, the class will provide students with the analytical and empirical tools necessary to understand the complex challenges of the role of the state in fostering green finance, as well as with insights as to how to integrate this complexity in effective decision-making.

Cyril BENOIT,Elsa MASSOC

Cours magistral seul

English

Students are expected to come prepared to class. They will have to read the assigned readings (including academic texts, reports and policy briefs) and prepare a group presentation.

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Autumn 2024-2025

Assignments will include a participation grade (10%), a mid-term individual argumentative essay (40%) and a group policy report (50%).

Half of the courses will be offered as hybrid courses . The format of the class is interactive. Typically, sessions start with an introduction of the day's topic by the instructors, lasting approximately one hour. The second hour is dedicated to student presentations and discussions of the readings and case studies.