Definition of sunset and sunrise industries: The interplay of industries and their strategies at different stages of their evolution

The most common risks associated to sunrise industries is the destabilisation of markets and the creation of financial bubbles. [...] The most common risks associated to sunset industries (even more so in the context of the energy transition), are depreciated and stranded assets (technologies, finances, people and skills), which are liable to disturb wider local and national socio-economic stability and hence delay transitions. [...] While early research on decline has pictured industries as facing a limited number of external pressures, in the case of the energy transition, which is embedded in sustainability transitions, sunrising and sunsetting industries are interacting within a broader socio-technical set of systems and sub-systems which are multi-level and co-evolutionary in nature [11] [12]. [...] Turnheim and Sovacool [19] also highlight the 2 multiplicity of incumbent actors, the variety of their strategies “within and across organisations”, and very importantly the transient nature of their strategic positioning over time. [...] Sunrise industry strategies Find out more at idric.org 3 Covers Content Definition of sunset and sunrise industries The interplay of industries and their strategies at different stages of their evolution I) Elemental oppositions Common definitions Interactions II) Sunset and sunrise in the energy transition Table 1 summarises the key definitions of sunrise, in-between, and sunset industries.