The comparative political economy of sustainability transitions: varying obstacles, accelerants and power in national capitalisms

Bailey, Dan ORCID: https://orcid.org/0000-0001-5581-0228 (2024) The comparative political economy of sustainability transitions: varying obstacles, accelerants and power in national capitalisms. Environmental Innovation and Societal Transitions, 51. 100853. ISSN 2210-4224

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Abstract

Sustainability Transition Research (STR) has increasingly recognised the importance of capitalism and the capitalist state in constraining and accelerating the adoption of low-carbon innovations, but has engaged far less with the distinctive forms of national capitalisms. This article highlights the relevant insights of comparative political economy (CPE) that provide a fuller comprehension of the capitalist diversity shaping contemporary sustainability transitions. Specifically, it calls for greater attention to be awarded to the idiosyncratic supply and demand dynamics relating to national growth models, interest coalitions and institutional coordination, and historically-constituted political tendencies of governance. Through these insights, it is argued, the complexities of instigating industrial decarbonisation though the effective application of low-carbon technologies and the geographic asymmetries of transition can be better understood. The importance of these insights is outlined theoretically and demonstrated empirically through an examination of the varying strategic and institutional dynamics characterising sustainability transitions in the contemporary global economy.