Climate

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Professor Mazzucato works closely with governments and businesses around the world on a market-shaping approach to the climate crisis and the green transition. We need new ideas, institutions, and policies to avoid catastrophic climate breakdown. Yet markets will not find a green direction alone. Governments have a unique ‘market-shaping’ role to play. Public investment and mission-oriented industrial strategy can galvanise green innovation, whilst long term mission driven green finance can incentivize private capital to align with climate goals. Green direction can be set across all levers, from procurement policy to conditionalities linked to public sector subsidies, loans and grants. Mariana is a Co-Chair of the Global Commission on the Economics of Water.