Opportunities in financing the green transition

IDRIC Project MIP 3.6

Heriot Watt University

Background

This project will combine findings from the phase1 IDRIC project on risk in finance (MIP 3.3) and innovation networks (MIP 9.3) to acknowledge the effect of finance in the development of technological frontiers. We have been able to compare the technological maturity of fields of innovation (i.e. the exploratory or exploitative phase of an innovation cycle) to available financial instruments and the underlying risks in such investments.

Prof Dimitris Christopoulos

Prof Dimitris Christopoulos

Principal Investigator
Heriot-Watt University

Project Team

Heriot-Watt University:

Dr George Tzougas
Dr David Dekker
Prof Heather McGregor

Napier University:

Dr Matthew Smith

Erasmus University:

Prof Mary Pietersen-Bloem

Aim

Our work will a have direct impact on the UK industrial clusters, first by identifying available strategies to optimize funding for innovation, second by identifying risks to project implementation, and third by providing an overview of the technological advantage for each cluster. By making the case for improving risk assessments in the funding of decarbonization the project will also inform modeling in the finance industry and facilitate funding of the green transition.

More Detail

During phase 2 of IDRIC we intend to concentrate on the dissemination of previous results and engagement with industry partners. We also intend to progress with work that involves: (a) stakeholder mapping and analysis, (b) green technology development and high-risk financial instruments, such as venture capital; (c) price, liquidity and volatility dynamics in the green bond market and interrelation of green bonds and CO2 derivatives; (d) the market for Hydrogen and its relation to CO2 and H2 derivatives; and (e) systematic evaluation of policy options to a green transition.

Meet the Team

Dr George Tzougas

Dr George Tzougas

Heriot-Watt University

Dr David Dekker

Dr David Dekker

Heriot-Watt University

Prof Heather McGregor

Professor Heather McGregor

Prof Heather McGregor

Heriot-Watt University

Dr Matthew Smith

Dr Matthew Smith

Napier University

Prof Mary Pietersen-Bloem

Prof Mary Pietersen-Bloem

Erasmus University

Team 1

Dr Huda Dawood

Centre for Sustainable Engineering, Teesside University:

Team 1

Dr Ruben Pinedo-Cuenca

Centre for Sustainable Engineering, Teesside University

Team 1

Mr Faisal Siddiqui

Centre for Sustainable Engineering, Teesside University

Team 1

Dr Janie Ling-Chin

University of Durham:

Team 1

Dr Andew Smallbone

University of Durham:

Team 1

Prof Tony Roskilly

University of Durham:

Team 1

Dr Sumit Roy

University of Durham:

Team 1

Dr Fathi Abugchem

Centre for Sustainable Engineering, Teesside University

Team 1

Dr Chris Ogwumike

Centre for Sustainable Engineering, Teesside University

Team 1

Dr Adepeju Oyewole

Centre for Sustainable Engineering, Teesside University

Planned Outputs

A number of dissemination activities, including a series of events aimed at outlining the policy implications and necessary regulation will be held at Panmure House; a series of research colloquia will disseminate research; a number of academic papers will validate findings; and a report for each work package will be produced.