6 research outputs found

    Beyond market failures: the market creating and shaping roles of state investment banks

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    The paper develops a typological framework of the roles of state investment banks (SIBs) in the economy. The typology identifies four different roles: countercyclical; developmental; venture capitalist; and challenge-led. The paper conceptually elaborates the typology by first providing a historical overview of SIBs, and then discussing how the mainstream “market failure theory” justifies them. It then advances a different conceptualization based on insights from heterodox economics, showing that all roles of SIBs are more about market creating/shaping rather than market-failure fixing. The paper concludes with a proposal of a new agenda for research on SIBs based on our typological framework

    Stakeholders’ influence towards sustainability transition in textile industries

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    With the rise of global challenges associated with linear models of production, transitioning to more sustainable models has become increasingly important and urgent. However, this transition is not done systematically due to a general lack of organizational knowledge and motivation to apply existing models, metrics and frameworks for sustainability. The current sustainable value proposition in organizations also shows that management rarely has a clear implementation strategy and underestimates what is required for a successful sustainability transition to take place. In addition, few empirical studies exist to corroborate these observations. This research focuses on analyzing the organizational barriers to the long-term sustainable transformation process, by considering the interests of all stakeholders, including the planet. The objective of the paper is to provide guidelines in the form of a decision support framework to textile industries to adopt and implement green technologies in their sustainability transition process

    Transformation pathways of phasing out coal-fired power plants in Germany

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    BackgroundWhile there are plenty of studies investigating the market penetration of new technologies, phase-out processes of a predominant technology are rarely analyzed. The present study explores the case of a declining technology, employing the example of coal-fired power plants in Germany. These plants were promoted by governmental decision-makers as well as by the industry for a long time, but meanwhile, the phase-out or at least a cutback of coal-fired power plants is––not only in Germany––considered to be a key strategy for the transformation towards a sustainable society.MethodsWe investigate potential pathways of the future development of the coal-fired power plant sector in an extended multi-level perspective (MLP) framework that integrates economic, social, political, and technical aspects.ResultsTaking into account the fact that coal is losing its support from several important stakeholders (e.g., governmental decision-makers, utilities) due to, e.g., changes in the prioritization of political goals, changes in the economic framework, in actor constellations, and in public attitudes, coal-fired power plants tend to be pushed into niches or to disappear completely. ConclusionsA reasonable management of the niche technology “coal-fired power plants” could include a protection of space for ensuring a smooth removal of the links between the regime and the technology with respect to, e.g., social and environmental aspects. The phase-out pathways for the coal-fired power plants elaborated on in this paper help to better inform policy-makers to design transformation processes not only for coal-fired power but also for other declining technologies

    Bridging analytical approaches for low-carbon transitions

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    Low-carbon transitions are long-term multi-faceted processes. Although integrated assessment models have many strengths for analysing such transitions, their mathematical representation requires a simplification of the causes, dynamics and scope of such societal transformations. We suggest that integrated assessment model-based analysis should be complemented with insights from socio-technical transition analysis and practice-based action research. We discuss the underlying assumptions, strengths and weaknesses of these three analytical approaches. We argue that full integration of these approaches is not feasible, because of foundational differences in philosophies of science and ontological assumptions. Instead, we suggest that bridging, based on sequential and interactive articulation of different approaches, may generate a more comprehensive and useful chain of assessments to support policy formation and action. We also show how these approaches address knowledge needs of different policymakers (international, national and local), relate to different dimensions of policy processes and speak to different policy-relevant criteria such as cost-effectiveness, socio-political feasibility, social acceptance and legitimacy, and flexibility. A more differentiated set of analytical approaches thus enables a more differentiated approach to climate policy making
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