The Austrian economist Joseph Schumpeter famously described the “winds of creative destruction”: a process of industrial transformation in which product and process innovations revolutionise the existing industrial structure, destroying the old one by creating a new one. But the Chancellor’s 2016 Autumn Statement – delivered just five days after the UK ratified the Paris climate …
Tag: UK industrial strategy
Energy efficiency: the sweet spot for an economic stimulus after Brexit
Brexit has opened a new era in British politics. Economic uncertainties and a potential slowdown in investment are likely to stay with us in the short to medium term. The Chancellor has made clear that he is prepared to ‘reset’ fiscal policy after Brexit and the Prime Minister announced the launch of a ‘proper industrial …
Limits to growth or opportunities for prosperity?
Last week, in a hot and crowded room deep within the Houses of Parliament, myself and fellow researchers from The Sussex Energy Group (SEG) and The Centre on Innovation and Energy Demand attended the launch event of the All-Party Parliamentary Group (APPG) on Limits to Growth. The APPG, chaired by Green MP Caroline Lucas and …