From Cost to Competition: Harvard & Berkeley On Climate Policy’s New Era
Climate policy is entering a new era—shifting from international cooperation on costs to global competition for the economic rewards of decarbonization.UC Berkeley Professor Jonas Meckling introduces the HBS–Berkeley Green Industrial Strategy initiative, where business and policy expertise converge to tackle urgent questions: Is this race truly advancing decarbonization? And if so, what economic strategies and public–private alliances are needed to make it succeed?
Key takeaways
• Climate policy has evolved from cost-focused cooperation to benefit-driven competition
• Green industrial policies now prioritize competitiveness in emerging clean technology markets
• The U.S. Inflation Reduction Act and European Clean Industrial Plan exemplify this new approach
• Public-private alliances like the European Battery Alliance are scaling clean tech markets
• Critical need to understand capability development, supply chain impacts, and global decarbonization effectiveness
Timestamps
0:00 - Introduction to HBS-Berkeley Green Industrial Strategy initiative
0:20 - The geoeconomic turn in climate policy
0:49 - From cooperation to competition for decarbonization benefits
1:08 - Examples of green industrial strategies (IRA, European Clean Industrial Plan)
1:21 - Public-private alliances and corporate climate initiatives
1:45 - Key research questions on clean technology capabilities
2:03 - Impact on global supply chains and trade
2:21 - HBS-Berkeley partnership strengths and expertise
2:45 - Transatlantic focus and future Asia-Pacific orientation
Filmed at the 2025 GISt conference hosted by Harvard Business School’s Institute for Business in Global Society (BiGS) and the Berkley Economy and Society Initiative (BESI).
Learn about the industrial policy and the GISt project: https://www.hbs.edu/bigs/green-industrial-strategy-conference Receive SMS online on sms24.me
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