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A diverse and resilient financial system for investments in the energy transition

Recently, joint work with Mark Sanders and Florian Täube has been accepted for publication in the renowned journal ‘Current Opinion in Environmental Sustainability’!

Diversity makes the financial system more resilient. In addition, there is a diverse investment demand to make the transition to a more sustainable energy system. We need, among others, investment in energy transition, circular resource use, better water management and reducing air pollution. The two are linked. Making the financial system more diverse implies more equity, less debt, more non-bank intermediation and more specialized niche banks giving more relation-based credit. This will arguably also increase the flow of funds and resources to innovative, small-scale, or experimental firms that will drive the sustainability transition. Higher diversity and resilience in financial markets is thus complementary and perhaps even instrumental to engineer the transition to clean energy in the real economy.

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Addressing barriers to low-carbon innovation: Essays on structures and policies to mobilise private finance

My dissertation project published as a book:

The author analyses how finance flows can be guided towards low-carbon value generation and growth. He investigates the arrangements between actors in the innovation system and policy measures such as technology push, demand-pull and regulation with regard to their influence on private investments. The case studies include innovation intermediaries, energy service contracting for LED lighting and renewable energy project finance. The results show that barriers to low-carbon innovation inhibit the financing for companies, projects and infrastructure. Also, transparent structures which focus on risk and return facilitate private investments and, finally, both science, technology and innovation policies and regulation are needed to spur private finance.

Order here: PeterLang Publishers