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Innovation and responsible capitalism
#1
Measures to safe us from climate change do not necessarily have to come at the expense of economy dynamism as the right always claims. This is actually demonstrated in practice:

Quote:These two Scandinavian countries shed light on a challenge for all advanced economies: how to implement responsible social policies that reduce carbon emissions and provide for the poor while also innovating to expand the economy. Both Sweden and Denmark have high tax rates that support successful social policies and still leave room for innovative industries. It’s the Danish example in particular that demonstrates how social challenges like climate change can offer great opportunities for new and expanding economic activity. The goal here is to explain what factors were central to Denmark’s success.

We argue that Denmark’s cleantech development has been led by legacy manufacturing companies that were founded decades before “cleantech” was even discussed. These corporate actors, who pivoted toward cleantech during a period of economic crisis, are the missing puzzle piece; when paired with government demand-pull and (more importantly) technology-push policies, they transformed into globally competitive cleantech firms. And this phenomenon could recur elsewhere—legacy manufacturing regions in the U.S. Rust Belt could become cleantech hubs. The lesson is that cleantech hubs require far different ingredients than those required to develop a software-led innovation economy.
Energy, Security, and Climate » Lessons in Cleantech Success from Scandinavia (Pt. 2): The Importance of the Danish Manufacturing Revival
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