27 March 2019, 13:00 - 14:00
Join the GSI's Sarah Hafner for a lunchtime sustainability seminar on her PhD research project.
In the context of the Paris agreement 2016 and the “Climate Change Act 2008”, the UK aims to decarbonize its energy supply sector. Current research shows that the “green” transition of the UK energy supply sector, as described in the Carbon Plan (HM government, 2011), requires a substantial amount of additional investments in energy infrastructure. The so-called “green finance gap” is generally acknowledged, yet policy recommendations on how to address the barriers towards more “green” investments into renewable energy infrastructure are currently largely missing.
This study builds a new system dynamics ecological macroeconomic model which is based on an economic system approach, relaxing some major assumptions of neoclassical economics. The model allows to investigate the following two research questions: (1) What policies contribute to scale-up “green” finance into renewable energy infrastructure, and (2) what are their related socio-economic (e.g. inequality) and macro-economic (e.g. GDP) consequences?