Financing green growth
This paper surveys the current state of financing green growth in the energy sector, based on the insight that there are different qualities of finance. In past transformational changes in other sectors, public monies played a key role across the innovation landscape. Public financing was central al...
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ftucl:oai:eprints.ucl.ac.uk.OAI2:10195740 2024-09-09T19:47:11+00:00 Financing green growth Semieniuk, Gregor Mazzucato, Mariana 2017-06-26 text https://discovery.ucl.ac.uk/id/eprint/10195740/1/Mazzucato_iipp-wp-2018-04.pdf https://discovery.ucl.ac.uk/id/eprint/10195740/ eng eng UCL Institute for Innovation and Public Purpose https://discovery.ucl.ac.uk/id/eprint/10195740/1/Mazzucato_iipp-wp-2018-04.pdf https://discovery.ucl.ac.uk/id/eprint/10195740/ open (Working Paper Series: IIPP WP 2018-04). UCL Institute for Innovation and Public Purpose: London, UK. (2017) Working / discussion paper 2017 ftucl 2024-08-20T23:42:47Z This paper surveys the current state of financing green growth in the energy sector, based on the insight that there are different qualities of finance. In past transformational changes in other sectors, public monies played a key role across the innovation landscape. Public financing was central also in a number of past national energy transitions, as reviewed here for Iceland (from fossil to geothermal energy), Norway (from mainly non-electricity energy to hydroelectricity), France (from oil to nuclear) and the United States (from conventional to shale gas). In the current transition to low-carbon energy supplies, there is much public activity, most directed and concerted in China, but also reasons to doubt it is enough and applied in the right places to be able to finance the transition to a low carbon sector on time scales consistent with current climate change mitigation targets. A discussion of opportunities and challenges to a more central role for public financing concludes, drawing also on insights from the recent mission-oriented innovation literature. Report Iceland University College London: UCL Discovery Norway |
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University College London: UCL Discovery |
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This paper surveys the current state of financing green growth in the energy sector, based on the insight that there are different qualities of finance. In past transformational changes in other sectors, public monies played a key role across the innovation landscape. Public financing was central also in a number of past national energy transitions, as reviewed here for Iceland (from fossil to geothermal energy), Norway (from mainly non-electricity energy to hydroelectricity), France (from oil to nuclear) and the United States (from conventional to shale gas). In the current transition to low-carbon energy supplies, there is much public activity, most directed and concerted in China, but also reasons to doubt it is enough and applied in the right places to be able to finance the transition to a low carbon sector on time scales consistent with current climate change mitigation targets. A discussion of opportunities and challenges to a more central role for public financing concludes, drawing also on insights from the recent mission-oriented innovation literature. |
format |
Report |
author |
Semieniuk, Gregor Mazzucato, Mariana |
spellingShingle |
Semieniuk, Gregor Mazzucato, Mariana Financing green growth |
author_facet |
Semieniuk, Gregor Mazzucato, Mariana |
author_sort |
Semieniuk, Gregor |
title |
Financing green growth |
title_short |
Financing green growth |
title_full |
Financing green growth |
title_fullStr |
Financing green growth |
title_full_unstemmed |
Financing green growth |
title_sort |
financing green growth |
publisher |
UCL Institute for Innovation and Public Purpose |
publishDate |
2017 |
url |
https://discovery.ucl.ac.uk/id/eprint/10195740/1/Mazzucato_iipp-wp-2018-04.pdf https://discovery.ucl.ac.uk/id/eprint/10195740/ |
geographic |
Norway |
geographic_facet |
Norway |
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Iceland |
genre_facet |
Iceland |
op_source |
(Working Paper Series: IIPP WP 2018-04). UCL Institute for Innovation and Public Purpose: London, UK. (2017) |
op_relation |
https://discovery.ucl.ac.uk/id/eprint/10195740/1/Mazzucato_iipp-wp-2018-04.pdf https://discovery.ucl.ac.uk/id/eprint/10195740/ |
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open |
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1809916675860987904 |