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The global economy is currently navigating a ‘polycrisis’ – a complex configuration of intertwined challenges ranging from climate change and biodiversity loss to rising inequalities and technological disruptions. While the “return of industrial policy” has been widely discussed as a tool for technological sovereignty and green growth (Millot – Rawdanowicz, 2024, Evenett et al. 2024, Juhász et al. 2024, Gerarden et a