From carbon pricing to green industrial policy: new moment, old dilemmas, and divergent pathways

This editorial article traces the shift in the political economy of climate policy from a paradigm centered on carbon pricing to one increasingly defined by industrial policy. It maps the distinct models of green industrial policy emerging across jurisdictions, examines the implications of this industrial turn for low- and middle-income countries—particularly in relation to structural dependency and extraction—and sets out a research agenda for understanding the questions raised by this shift.