When: Wednesday 12 June at 15:45 – 17:00 (London time)

UCL Institute for Innovation and Public Purpose is hosting a series of sessions to rethink existing policy systems and explore what transformative ‘market shaping’ policy approaches look like in practice.

About the session

The ecological transition requires a fundamental transformation of our economies, and with it, financial flows. Historically, the key macroeconomic institutions – central banks and ministries of finance – coordinated together and with other government ministries to steer private credit & finance markets to achieve structural economic change.

Today, the dominant policy narrative relies on the private sector to lead the pace and direction of the green transition. Policy interventions by financial and fiscal authorities are limited to mandate-relevant actions that support price and financial stability and constrained by concerns over public debt sustainability. Emerging market developing economies face huge fiscal challenges in implementing large-scale green investment. This session will critically examine this consensus and consider alternative macrofinancial arrangements, including reforms at the global level, that could more effectively steer economies towards sustainable well-being.

Meet the panel

Join the expert panel of scholars and policy makers including Professor Sarah Bloom Raskin, former deputy secretary of the U.S. Department of the Treasury, Steffen Murau, Principal Investigator at Global Climate Forum, Vera Songwe, senior fellow in the Africa Growth Initiative at the Brookings Institution. The panel is chaired by Josh Ryan-Collins, Associate Professor in Economics and Finance at UCL Institute for Innovation and Public Purpose.

To register to the session, follow this link