Andreoni, Antonio;
Creamer, Kenneth;
Mazzucato, Mariana;
Steyn, Grove;
(2022)
How can South Africa advance a new energy paradigm? A mission-oriented approach to megaprojects.
Oxford Review of Economic Policy
, 38
(2)
pp. 237-259.
10.1093/oxrep/grac007.
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Abstract
Green transition is a 'wicked' problem in that it is complex, systemic, interconnected, and urgent. In this paper we advance a 'mission-oriented' approach to reconceptualize energy megaprojects within a systemic, cross-sectoral, and challenge-driven policy framework for energy transition. This approach is operationalized through a discussion of project-level policy instruments including directional public finance, public procurement, and several types of conditionality. These instruments are geared towards shaping markets and industrial supply chains for green transition, and managing risks and rewards associated with energy megaprojects. We also look at the opportunities offered by a more decentralized energy system and the importance of building up state capacity and green coalitions supporting energy transition. We discuss this mission-oriented approach through a deep dive on the South African experience of energy megaprojects with a focus on the restructuring of its public utility, Eskom, as well as opportunities for sustainable industrialization.
| Type: | Article |
|---|---|
| Title: | How can South Africa advance a new energy paradigm? A mission-oriented approach to megaprojects |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1093/oxrep/grac007 |
| Publisher version: | https://doi.org/10.1093/oxrep/grac007 |
| Language: | English |
| Additional information: | © The Author(s) 2022. Published by Oxford University Press. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/). |
| Keywords: | energy transition, green industrial policy, South Africa |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Inst for Innovation and Public Purpose UCL > Provost and Vice Provost Offices > UCL BEAMS UCL |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10151156 |
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