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STATE-OWNED ENTERPRISES: NO CLIMATE SUCCESS WITHOUT THEM
Ist Teil von
Journal of international affairs (New York), 2019-09, Vol.73 (1), p.135-144
Ort / Verlag
New York: Journal of International Affairs Editorial Board
Erscheinungsjahr
2019
Link zum Volltext
Quelle
PAIS Index
Beschreibungen/Notizen
State-owned enterprises (SOEs), in the aggregate, emit more energy greenhouse gases than the entire European Union and every country except China. SOEs are also major providers of zero-carbon power and other low-carbon alternatives. Succeeding in the low-carbon transition will require their engagement. Yet, they receive relatively little attention in the global dialogue on climate mitigation. In contrast to private sector companies, many of these SOEs operate under conditions that mute the impact of carbon pricing mechanisms. Moreover, they have government owners that can and are willing to use their shareholder power to support low-carbon SOE action. These distinctive features of SOEs alter the suite of climate policies and instruments to influence their operations to lower emissions. Government ownership of SOEs can provide a useful avenue for effective climate action, with the right tools . . . but challenges exist, particularly government ambivalence about climate action. Given the important but under-appreciated and under-analyzed role that SOEs will have to play in reducing emissions, this paper will identify some of the opportunities and challenges in generating greater SOE engagement in the low-carbon transition, a climate outcome that cannot happen without them.