TY - JOUR
T1 - Early stage investing in green SMEs
T2 - The case of the UK
AU - Owen, Robyn
AU - Lehner, Othmar
AU - Lyon, Fergus
AU - Brennan, Geraldine
PY - 2020/1/7
Y1 - 2020/1/7
N2 - How might a Green New Deal be applied to the early stage financing of Cleantechs? Amidst rising interest and adoption of Green New Deals in the US, the paper explores the need for more focused policy to address early stage long horizon financing of Cleantechs. We argue that insufficient focus has been applied to early stage investing into these types of innovative SMEs that could lower CO2 emissions across a range of sectors (including renewable energy, recycling, advanced manufacturing, transport and bio-science). Adopting a resource complementarity lens and borrowing from transaction cost theory, we illustrate and build theory through longitudinal UK case studies. These demonstrate how government policy can scale-up through international collaboration public-private, principally venture capital, co-finance to facilitate cleantech innovation with potentially game changing impacts on reducing CO2 emissions in order to meet the Paris 2015 Climate Change targets.
AB - How might a Green New Deal be applied to the early stage financing of Cleantechs? Amidst rising interest and adoption of Green New Deals in the US, the paper explores the need for more focused policy to address early stage long horizon financing of Cleantechs. We argue that insufficient focus has been applied to early stage investing into these types of innovative SMEs that could lower CO2 emissions across a range of sectors (including renewable energy, recycling, advanced manufacturing, transport and bio-science). Adopting a resource complementarity lens and borrowing from transaction cost theory, we illustrate and build theory through longitudinal UK case studies. These demonstrate how government policy can scale-up through international collaboration public-private, principally venture capital, co-finance to facilitate cleantech innovation with potentially game changing impacts on reducing CO2 emissions in order to meet the Paris 2015 Climate Change targets.
KW - 512 Business and Management
KW - early stage cleantech
KW - green new deal
KW - low carbon
KW - SME finance
UR - http://www.scopus.com/inward/record.url?scp=85079658167&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/d5499aac-b794-348f-a051-00d646f68c48/
U2 - 10.35944/jofrp.2019.8.1.011
DO - 10.35944/jofrp.2019.8.1.011
M3 - Article
AN - SCOPUS:85079658167
SN - 2305-7394
VL - 8
SP - 163
EP - 182
JO - ACRN Journal of Finance and Risk Perspectives
JF - ACRN Journal of Finance and Risk Perspectives
ER -