Dr. Tom McDonnell:

There is, yes. Sometimes the State itself is going have to be aggressive and take the leap if the private sector will not or cannot do something because it is constrained for various reasons. There is a rationale for the State to intervene itself, whether it be setting up factories or taking equity stakes or helping out or providing other advantages or whether they be logistic or otherwise.

The same applies for a green transition, where the State should be doing the same. It is about spending more but it is also about removing those potential barriers to induce and bring in private investment.