Green economy
We need new ideas, institutions, and policies to avoid catastrophic climate breakdown. Yet markets will not find a green direction alone. Governments have a unique ‘market-shaping’ role to play. Public investment andcan galvanise green innovation by holistically shaping new markets, whilst green financial policy can incentivise private capital to align with climate goals in ways that create clear accountability. It is time to stop filling “financing gaps” and funding solutions that are too-little, too-late, and start shaping markets and paying more attention to the. To drive the transformational change to tackle the climate crisis we need. Through academic research and engagement with high-level policymakers, IIPP is rethinking existing paradigms to articulate how ‘market-shaping’ policy approaches can accelerate the green structural economic transition.
Our Engagement at COP 28 / Highlights
At COP 28, the UCL Institute of Innovation and Public Purpose in partnership with the Government of Argentina, and the United Nations Framework Convention on Climate Change (UNFCCC) co-hosts the sessionFrom a financing gap to outcomes-oriented finance.
The panelcomprising global female leaders will focus on the challenges and opportunities of redesigning public development finance to tackle the climate crisis, while transforming our economies to become more resilient, inclusive, and sustainable.
The panel discussionis moderated by ProfessorMariana Mazzucato, Professor in the Economics of Innovation and Public Value, University College London, it will include keynote remarks from,Prime Minister of Barbadosfollowed by a panel discussion with,Special Advisor, Regionalization Director, Just Transition with High-Level Climate Champions Team,, State Secretary of Climate Change, Sustainable Development and Innovation of Argentina and, Deputy Prime Minister of Spain and Minister for the Ecological Transition, Spain.
Research and Policy Focuses
IIPP’s high-impact academic research challenges the dominant narrative that limits the role of the state to de-risking green private investments. Through empirical and theoretical work, we explore how public policy can strengthen green innovation chains and crowd in private investment. We have also articulated a critical role for central banks and financial regulators to steer finance in alignment with green missions.
IIPP works closely with governments, cities, and public financial institutions all over the world to implement market-shaping green policy approaches. By experimenting and co-creating with a range of public and private stakeholders, IIPP aims to transform how knowledge and policy are created and shared, and how global problems are solved.
- Journal articles
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- Working papers
- Mariana Mazzucato
- Financing green growthGregor SemieniukandMariana Mazzucato
- Monetary-fiscal policy coordination: Lessons from Covid for the climate & biodiversity emergenciesJosh Ryan-Collins,Katie Kedwardand
- Redirecting Growth: Inclusive, sustainable and innovation-ledlMariana MazzucatoandCarlota Perez
- Aligning finance with the green transitionlKatie Kedward,andJosh Ryan-Collins
- From competition state to green entrepreneurial state: New challenges for DenmarklAsker Voldsgaard,Mariana MazzucatoandRowan Conway
- How can South Africa advance a new energy paradigm? A mission-oriented approach to megaprojectslAntonio Andreoni,,Mariana Mazzucatoand
- Governing finance to support the net-zero transition: Lessons from successful industrialisationslOlga MikheevaandJosh Ryan-Collins
- Heterogeneous investors, scale economies and the commercialisation of innovative renewable energy technologiesl,José Alejandro CoronadoandMariana Mazzucato
- Policy reports
- Mariana Mazzucato
- Financing for Climate ActionMariana MazzucatoandJoshua Ryan-Collins
- Turning the Tide. A Call to collective Action bythe Global Commission on the Economics of Water
- Shaping Urban Futures by Council on Urban Initiatives
- Mission metrics: Policy evaluation tools for cities to optimise learning for the green transitionRyan Bellinson,Michael BerryandElisa Cadelli
- Mind The Gap: The Global Governance of Just Transitions,,Olga Mikheeva and
- Inclusive and sustainable British Columbia: A mission-oriented approachlMariana Mazzucato
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- The Biscay Model: Aligning tax policy with the United Nations sustainable development goalslMariana Mazzucato,Kate Roll,David Aeron-Thomas,Martha McPhersonandMiren Aintzane Lorca de Urarte
- Special Funds and Security Policyland
- The pandemic’s promising lessons for the future of green public bankingl,Serdar SengulandThomas Marois
- Financing for climate actionlRyan Bellinson,José Alejandro Coronado,Laurie MacFarlane,Katie Kedward,Martha McPhersonand
- A mission-oriented framework for the Scottish National Investment BanklMariana MazzucatoandLaurie Macfarlane
- Governing Missions in the European UnionlMariana Mazzucato
- A New Bauhaus for a Green Deall,Rowan Conway,Dan HillandMariana Mazzucato
- The Green Giant: New Industrial Strategy for NorwaylRainer Kattel,Mariana Mazzucato,andOlga Mikheeva
- The EIB and the new EU missions frameworklMariana MazzucatoandOlga Mikheeva
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- Financing for Climate Action Mariana MazzucatoandJosh Ryan-Collins
Our Voice in the Media
- More of IIPP's contributions to the green innovation public debate
- l November 2022
- l September 2022
- l Project Syndicatel September 2022
- lPress Conference l May 2022
- l February 2022
- l Nature Sustainability l Op-ed l December 2021
- l Project Syndicate l Op-ed l November 2021
- l The Guardian l Op-ed l November 2021
- l Project Syndicate l Op-ed l May 2021
- l Project Syndicate l Op-ed l February 2021
- l Project Syndicate l Op-ed l December 2020
- lTime l Op-ed l October 2020
- l Irish Examiner l Op-ed l September 2020
- l Project Syndicate l Op-ed l September 2020
- l The New Statesman l Op-ed l July 2020
- l IPPR l Op-ed l October 2019
- l The Banker l TV l February 2019
Events Highlights
Our Work at COP27 / Highlights
- IIPP's full COP27 Statement
- COP27 Statement by the WHO Council on the Economics of Health for All
- The second statementby WHO Council -Green financing for good health: common investments for people and the planet
- 2023Highlights of Public Engagements
- | 8 June 2023
- | 7 June 2023
- Landmark report launched at the UN 2023 Water Conference in New York | 31 March 2023
Our Work at COP26 / Highlights
IIPP's COP26 Engagement:IIPP busts myths to unlock climate action
- Click here for more highlights about our public engagements
- l June 2022
- l June 2022
- IIPP Governing the Green Transition(s) Discussion Series 2022l October 2022
- l June 2022
- l May 2022
- l March 2022
- l February 2022
- l February 2022
- l August 2019