The green entrepreneurial state,
Open accessAbstract
This chapter focuses on the role of the entrepreneurial risk-taking state in launching specific green technologies. It provides a fuller understanding of the public sector's centrality to risk-taking activities and radical technological change, essential to promote green transformations. In the last few decades, wind turbines and solar photovoltaic (PV) panels are two of the most rapidly deployed renewable energy technologies on the planet, spawning growing industries that are emerging in many regions of the world. The green energy industry is still in its early stages: even though development of wind and solar power technologies received a big push in the 1970s, they are still characterized by market and technological uncertainty. In current policy environment, many countries are aggressively deploying public finance with the aim of promoting green industry, and this is the direct support for business development. The capitalist economy will be embedded in social, cultural and political institutions and therefore subordinate to the state and subject to its changes.
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In countries like Germany, a key part of the successful transition to clean energy has been active government intervention and subsidies for cleaner production in sectors like steel and gas.
“Indeed, in countries like Germany, a key part of the successful transition to clean energy has been active government intervention and subsidies for cleaner production in sectors like steel and gas (Mazzucato, 2015).”
From Mapping modern economic rents: the good, the bad, and the grey areas (2023) · cites this paper as Mazzucato, 2015
The Wind section describes German government funding, incentives and public finance as supporting wind energy and the Energiewende. The chapter therefore supports the role of active intervention in Germany’s clean-energy transition, but the passages found do not support the claim about subsidies for cleaner production in steel and gas. (LLM, conf=0.88)
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Mapping modern economic rents: the good, the bad, and the grey areas
Mazzucato, M., Ryan-Collins, J., & Gouzoulis, G. (2023) · Cambridge Journal of Economics · doi:10.1093/cje/bead013 · Cited by 54 · see citing works
Self-citation
- Authors
- Mazzucato, M.
- Corresponding author
- Mazzucato, Mariana
- ORCID
- Mazzucato, Mariana
- Venue
- The Politics of Green Transformations
- Publisher
- Routledge
- Published
- 2015-01-09
- Pages
- 134-152
- OpenAlex
- W2992289215
- Cited by
- 93
- References
- 0
- Citations by year
- 2026: 14 · 2025: 20 · 2024: 22 · 2023: 23 · 2022: 2 · 2021: 7 · 2019: 1 · 2018: 2 · 2015: 2
- FWCI
- 7.89
- Type
- book chapter
- Language
- en
- Open access
- hybrid
- doi.org
- Licence
- Locations
- Routledge eBooks (publishedVersion, cc-by)
- Sussex Research Online (University of Sussex) (submittedVersion)
- Topics
- Physical Sciences › Environmental Science › Management, Monitoring, Policy and Law › Sustainable Development and Policies
- Physical Sciences › Energy › Renewable Energy, Sustainability and the Environment › Renewable Energy and Sustainability
- Physical Sciences › Environmental Science › Global and Planetary Change › Sustainability and Climate Change Governance
- Keywords
- green entrepreneurship, entrepreneurial risk-taking, wind turbines, photovoltaic modules, renewable energy industry, clean energy policy, technological uncertainty, green transition, state and capitalism
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