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 鈥榤arket-shaping鈥 role to play. Public investment and听听can 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 鈥渇inancing gaps鈥 and funding solutions that are too-little, too-late, and start shaping markets and paying more attention to the听. To drive the transformational change to tackle the climate crisis we need听. Through academic research and engagement with high-level policymakers, IIPP is rethinking existing paradigms to articulate how 鈥榤arket-shaping鈥 policy approaches can accelerate the green structural economic transition.
Our Engagement at COP 28 / Highlights
At COP 28, the 白小姐论坛 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 session听From a financing gap to outcomes-oriented finance.
The panel听comprising 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 discussion听is moderated by Professor听Mariana Mazzucato, Professor in the Economics of Innovation and Public Value, 白小姐论坛, it will include keynote remarks from听,听Prime Minister of Barbados听followed by a panel discussion with听,听Special Advisor, Regionalization Director, Just Transition with High-Level Climate Champions Team,听, State Secretary of Climate Change, Sustainable Development and Innovation of Argentina and听, Deputy Prime Minister of Spain and Minister for the Ecological Transition, Spain.
Research and Policy Focuses
IIPP鈥檚 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.听
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.听
- Journal articles听
- 听触听Mariana Mazzucato
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- 听触听Katie Kedward听and听Joshua Ryan-Collins
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- 听l听Katie Kedward听and听Joshua Ryan-Collins
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- Working papers
- 听触听Mariana Mazzucato听
- Financing green growth听触听Gregor Semieniuk听and听Mariana Mazzucato听
- Monetary-fiscal policy coordination: Lessons from Covid for the climate & biodiversity emergencies听触听Josh Ryan-Collins,听Katie Kedward听and听听
- Redirecting Growth: Inclusive, sustainable and innovation-led听l听Mariana Mazzucato听and听Carlota Perez
- Aligning finance with the green transition听l听Katie Kedward,听听and听Josh Ryan-Collins
- From competition state to green entrepreneurial state: New challenges for Denmark听l听Asker Voldsgaard,听Mariana Mazzucato听and听Rowan Conway
- How can South Africa advance a new energy paradigm? A mission-oriented approach to megaprojects听l听Antonio Andreoni,听,听Mariana Mazzucato听and听
- Governing finance to support the net-zero transition: Lessons from successful industrialisations听l听Olga Mikheeva听and听Josh Ryan-Collins
- Heterogeneous investors, scale economies and the commercialisation of innovative renewable energy technologies听l听,听Jos茅 Alejandro Coronado听and听Mariana Mazzucato
- Policy reports
- 听触听Mariana Mazzucato
- Financing for Climate Action听触听Mariana Mazzucato听and听Joshua Ryan-Collins
- Turning the Tide. A Call to collective Action by听the 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 transition听触听Ryan Bellinson,听Michael Berry听and听Elisa Cadelli
- Mind The Gap: The Global Governance of Just Transitions听触听,听,听Olga Mikheeva听 and听
- Inclusive and sustainable British Columbia: A mission-oriented approach听l听Mariana Mazzucato
- Council on Urban Initiatives听l听, 白小姐论坛 Institute for Innovation and Public Purpose (IIPP), 听and听
- The Biscay Model: Aligning tax policy with the United Nations sustainable development goals听l听Mariana Mazzucato,听Kate Roll,听David Aeron-Thomas,听Martha McPherson听and听Miren Aintzane Lorca de Urarte听
- Special Funds and Security Policy听l听听and听
- The pandemic鈥檚 promising lessons for the future of green public banking听l听,听Serdar Sengul听and听Thomas Marois听
- Financing for climate action听l听Ryan Bellinson,听Jos茅 Alejandro Coronado,听Laurie MacFarlane,听Katie Kedward,听Martha McPherson听and听
- A mission-oriented framework for the Scottish National Investment Bank听l听Mariana Mazzucato听and听Laurie Macfarlane听
- Governing Missions in the European Union听l听Mariana Mazzucato听
- A New Bauhaus for a Green Deal听l听,听Rowan Conway,听Dan Hill听and听Mariana Mazzucato
- The Green Giant: New Industrial Strategy for Norway听l听Rainer Kattel,听Mariana Mazzucato,听听and听Olga Mikheeva
- The EIB and the new EU missions framework听l听Mariana Mazzucato听and听Olga Mikheeva
- | Mariana Mazzucato
- Financing for Climate Action 触听Mariana Mazzucato听and听Josh 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 Syndicate听l September 2022
- l听Press 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 听The Guardian l Op-ed l November 2021
- l Project Syndicate l Op-ed l May 2021听 听
- l Project Syndicate l Op-ed l February 2021
- l Project Syndicate l Op-ed l December 2020
- l听Time l Op-ed听 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
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- The second statement听by WHO Council -听Green financing for good health: common investments for people and the planet
- 2023听Highlights of Public Engagements
- | 8 June 2023听
- | 7 June 2023听
- Landmark report launched at the UN 2023 Water Conference in New York | 31 March 2023听
Our Work at COP26 / Highlights听
IIPP's COP26 Engagement:听IIPP busts myths to unlock climate action
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- Click here for more highlights about our public engagements
- l June 2022
- l June 2022
- IIPP Governing the Green Transition(s) Discussion Series 2022听l October 2022
- l June 2022
- l May 2022
- l March 2022
- l February 2022
- l February 2022
- l August 2019