Enabling investment for the transition to a low carbon economy: government policy to finance early stage green innovation
Article
Owen, R., Brennan, G. and Lyon, F. 2018. Enabling investment for the transition to a low carbon economy: government policy to finance early stage green innovation. Current Opinion in Environmental Sustainability. 31, pp. 137-145. https://doi.org/10.1016/j.cosust.2018.03.004
Type | Article |
---|---|
Title | Enabling investment for the transition to a low carbon economy: government policy to finance early stage green innovation |
Authors | Owen, R., Brennan, G. and Lyon, F. |
Abstract | Rapid transformation to meet the Paris 1.5oC climate target requires greater attention to be given to the role of innovative low carbon early stage businesses and the public sector’s role in addressing finance gaps for longer horizon investment requirements. As entrepreneurs require different forms of finance as their businesses grow and move up the ‘finance escalator’, we explore the role of public sector support for grant, equity, debt and new forms of crowd funding finance. These funds can enable individual sustainability focussed businesses to access finance and encourage finance into new areas through having a demonstration effect. We conclude that a finance ecosystem approach is required that ensures complementary forms of finance for low carbon investment are connected at local, national and international scales, alongside support to build entrepreneurial skills and investment readiness. There is also a need for better evidence of the role of public sector support and where there is greatest impact on climate change. |
Research Group | Centre for Enterprise, Environment and Development Research (CEEDR) |
Publisher | Elsevier |
Journal | Current Opinion in Environmental Sustainability |
ISSN | 1877-3435 |
Electronic | 1877-3443 |
Publication dates | |
Online | 28 Mar 2018 |
01 Apr 2018 | |
Publication process dates | |
Deposited | 09 Apr 2021 |
Accepted | 11 Mar 2018 |
Output status | Published |
Accepted author manuscript | License |
Copyright Statement | © 2018. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.cosust.2018.03.004 |
Scopus EID | 2-s2.0-85044516994 |
Web of Science identifier | WOS:000433107100019 |
Language | English |
https://repository.mdx.ac.uk/item/89532
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