This post is co-written by Ben Armstrong and Varun Sivaram. Ben is a Ph.D. Candidate at MIT focused on Political Economy and a researcher at the MIT Governance Lab.
Part 1: The Puzzle
A global race is underway to dominate the clean technology (“cleantech”) sector. As international efforts to curb climate change intensify (the Paris climate talks kick off next week), demand for cleantech products that generate energy from renewable sources and reduce emissions will grow. Countries that invent and scale such products will reap the economic benefits. For those seeking to understand why some countries are successful at building thriving cleantech sectors and others less so, a pair of Scandinavian neighbors—nearly twins in many economic and political respects—present a puzzle worth pondering. Read more »