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 cent...

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Main Authors: Semieniuk, Gregor, Mazzucato, Mariana
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: London 2018
University of London
Subjects:
Online Access:https://www.labourline.org/KENTIKA-19301882124911290649-Financing-green-growth.htm
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author Semieniuk, Gregor
Mazzucato, Mariana
author_facet Semieniuk, Gregor
Mazzucato, Mariana
collection Library items
description "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 TEXT
geographic France
Norway
USA
id 19301882124911290649_b50b8e7d356a4e6c93e84ca6b71dad23
institution ETUI-European Trade Union Institute
is_hierarchy_id 19301882124911290649_b50b8e7d356a4e6c93e84ca6b71dad23
is_hierarchy_title Financing green growth
language English
physical 22 p.
Digital
publishDate 2018
publisher London
University of London
spellingShingle Semieniuk, Gregor
Mazzucato, Mariana
sustainable development
investment
energy
public finance
climate change
Financing green growth
thumbnail https://www.labourline.org/Image_prev.jpg?Archive=135044695322
title Financing green growth
topic sustainable development
investment
energy
public finance
climate change
url https://www.labourline.org/KENTIKA-19301882124911290649-Financing-green-growth.htm