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.
Associated Outputs
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
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.
