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Reading: The emergence of a low-carbon economy in differing capitalist models

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The emergence of a low-carbon economy in differing capitalist models

Author:

Armelle Ripart

London School of Economics and Political Science, GB
About Armelle

Master of Science Political Economy of Europe, Class of 2018

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Abstract

With current levels of greenhouse gas emissions, the emergence of a low-carbon economy has become an urgent necessity for nations throughout the world. The differences between capitalist models in these countries must be taken into account when considering this transition. Applying the Varieties of Capitalism theory, I argue that both systems of Coordinated Market Economies (CMEs) and Liberal Market Economies (LMEs) are necessary to ensure the emergence of a global lowcarbon economy, as their different institutional settings are complementary. LMEs favour the emergence of new green technologies via the promotion of radical innovation. Then, CMEs can better implement these technologies in the long-term as the CME skills formation system allows for the creation of green jobs.

How to Cite: Ripart, A., 2019. The emergence of a low-carbon economy in differing capitalist models. The Public Sphere: Journal of Public Policy, 7(1), pp.231–266.
Published on 01 Jan 2019.
Peer Reviewed

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