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

  title={The Renewable Energy Transition Energy Path Divergence, Increasing Returns and Mutually Reinforcing Leads in the State-Market Symbiosis},
  author={Stephen Bell},
  journal={New Political Economy},
  pages={57 - 71}
  • S. Bell
  • Published 2020
  • Economics
  • New Political Economy
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… Expand
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