#12 Alex Simakov – Green Industrial Policy - A Primer
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- Post-Cold War era saw a light touch role in government and organic industry development.
- Global financial crisis in 2007-2008 highlighted impoverishment in parts of America and Europe.
- Manufacturing declined from 30% of America's employment and GDP to the mid-teens.
- COVID-19 pandemic exposed the fragility of industrial capacity and reliance on trading partners.
- Russian invasion of Ukraine highlighted the unreliability of trading partners and the cost of doing business with them.
- China's industrial strategy involved investing in EVs and climate technologies, as well as controlling critical mineral supply chains.
- Inflation Reduction Act in the US provides tax credits for clean tech assets and domestic production, with a focus on reducing reliance on adversarial nations for critical minerals.
- Europe has shifted its stance on industrial policy, waiving EU state aid rules and focusing on domestic production and investment.
- Addressing carbon leakage and stabilizing critical mineral prices are essential for long-term industrial strategy.
- Natural gas remains a crucial component in the transition to a cleaner energy system, with a focus on decarbonizing power grids and other sectors.
Alex is a Senior Fellow with Policy Exchange’s Energy & Environment Unit. Alex served as Policy Advisor to the Hon. Greg Rickford, the Province of Ontario’s former Minister of Energy, Northern Development & Mines, and worked as a business strategist and government affairs consultant for many of Canada’s leading clean technology companies.
EPISODE LINKS:
Alex's Linkedin - https://www.linkedin.com/in/alex-simakov-37048388/
Alex's Twitter - https://twitter.com/Alexei_Simakov
Alex's Publications with Policy Exchange - https://policyexchange.org.uk/author/alex-simakov/
OUTLINE:
0:01:28 - From Fragile Foundations to Global Power Plays: Unraveling the West's Industrial Dilemma in a Post-COVID World
0:07:15 - Revitalizing America: Trillions at Stake in the Battle for Clean Tech Supremacy!
0:11:31 - Europe's Climate U-Turn: Re-Industrializing the Continent with Green Gigafactories!
0:15:24 - Power Shortages & Global Supply Chains: Rethinking Industrial Strategy for a Greener Future
0:21:18 - Carbon Leakage & Critical Minerals: Tackling the Hidden Challenges of a Green Future
0:26:09 - Natural Gas: The Unsung Hero in Our Race to Decarbonize - Are We Moving Too Fast?
Check us out on https://www.cassandra.global/
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