Attend our joint session on ‘The role of the state in the climate-finance nexus’ within the EAEPE conference 2017 in Budapest, 19-21 October 2017, organized by the Research Areas F-Environment-Economy Interactions and X-Networks.


Keynote speakers:

  • Thursday Oct. 19, 17:30-18:30 –  Prof. Giovanni Dosi (Sant’Anna School of Economics, Pisa)
  • Friday Oct. 20, 09:00-10:00 – Prof. Mariana Mazzucato (UCL)


Aims and Scope:

The European integration process has witnessed an increase of both the magnitude and the complexity of the conflicts of interest between economic actors and policy makers in the climate-finance arena. These developments play a key role in the discussion on the role of the state in the climate-finance nexus. While the state could contribute to decrease climate policy uncertainty and investors’ risk perception, several barriers exist, such as the lack of coherence in some countries’ policy agenda and the complexity of their governance. By leveraging on the complementarity between the two research areas, this session will address the following questions:

  1. What role does the state currently play in this process?
  2. What role could the state play? Should it limit its action to green fiscal incentives or take a more active role by investing all along the green value chain or issuing green bonds?
  3. How do the current governance structures, vested interests and power relations interact/counteract the role of the state?

Adopting the perspective of network economics, ecological and evolutionary economics, we will identify the conditions, barriers and policy enablers that could facilitate the transition to sustainable and inclusive growth.

The session is supported by EU-funded projects DOLFINS and ISIGROWTH


Thursday Oct. 19, 17:30-19:00 – The role of the State in the climate-finance nexus – Chair: Prof. Foxon

  • Giovanni Dosi (Keynote, Sant’Anna School of Economics, Pisa)
  • Stefano Battiston, Irene Monasterolo, Anthony C. Janetos, Zoey Zheng: Vulnerable yet relevant: the two dimensions of climate-related financial disclosure

Friday Oct. 20, 09:00-10:00: The role of the State in the climate-finance nexus – Chair: Prof. Monasterolo

  • Mariana Mazzucato (Keynote, UCL)
  • Francesco Lamperti: The Entreprenurial State and Mission-Oriented Policies: an agent-based model

Friday Oct. 20, 11:00-13:00: The role of the State in the climate-finance nexus – Chair: Prof. Battiston

  • Chantal Naidoo: Face of the state in climate-finance nexus: Voices from developing countries
  • Emanuele Campiglio: The role of central banks in supporting green growth
  • Veronika Stolbova, Stefano Battiston, Irene Monasterolo: A macro-network of the financial interdependencies in the Euro Area: power relations and exposure to climate policy risks
  • Asjad Naqvi, Engelbert Stockhammer: Directed Technological Change in a post-Keynesian Ecological Macromodel

Friday Oct. 20, 14:00-16:00: Unconventional Monetary Policies and Credit Market: Insights from Complex Systems (with the sponsorship of the H2020 project DOLFINS (GA 640772)) – Chair: Prof. Battiston

  • Marc Lavoie (invited speaker): Time conflicts in dealing with banks in agent-based stock-flow consistent models
  • Irene Monasterolo, Marco Raberto: Should central banks go green? A Stock-Flow Consistent modelling approach
  • Mattia Guerini, Giovanni Dosi, Francesco Lamperti, Mauro Napoletano, Andrea Roventini, Tania Treibich: Economy and Environment Stabilizing Policies in The K+S Model



Image: Thaler Tamas, available here (license: CC BY-SA 4.0).

The SIMPOL Project is currently funded by the H2020 European grant DOLFINS (no. 640772) in the Global Systems Science area of the Future Emerging Technologies program.