The European Investor State has no clothes. Generic promises and local weaknesses of green public subsidies in France

Datos Bibliográficos

ID19035709
AutoresAntoine Ducastel (0000-0001-6343-5173, UMR Art-Dev & MUSE University of Montpellier, CIRAD, Montpellier, France, autor de correspondencia), Camille Rivière (Centre d’étude des Mouvements Sociaux, EHESS, Paris, France), Edoardo Ferlazzo (0000-0003-3531-8337, Centre d’étude des Mouvements Sociaux, EHESS, Paris, France)
Año2023
Volumen28
Número3-4
Páginas454-473
Fecha de publicación2023-11-26
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaCompetition & Change (JOURNAL)
Identificadores de la revistaISSN: 1024-5294 • E-ISSN: 1477-2221
EditorialSAGE Publishing (PUBLISHER • US)
DOI10.1177/10245294231213413
OpenAlexW4389032116
IdiomaEN
Citas recibidas5
Referencias citadas49

This article concentrates on the funding of green transition policies implemented in France during the 2010s. Instead of examining the emerging European Investor State through its “new” public investment policies, such as loans, equity, investment banks, and funds, this article examines the transformations of “older” public investment policies, specifically investment subsidies. We contend that the European Investor State is currently marked by a paradox: while public resources for investment, particularly for green transition investments, are increasing, the means to distribute these resources are diminishing. Austerity measures and new public management policies are undermining territorial administrations, thereby limiting their ability to accurately identify and support beneficiaries. This bureaucratic weakness within the European Investor State significantly affects the effective distribution of subsidies, because they tend to be increasingly concentrated among larger communities and companies, as well as a broad spectrum of private intermediaries. Consequently, the European Investor State appears multifaceted and occasionally contradictory, lacking long-term continuity

Bureaucracy · Business · Economic growth · Economic policy · Economics · Market economy · Political science · Politics · Public policy · Subsidy · Climate Change Policy and Economics · Political and Economic history of UK and US · Finance