| Title | Niche level investment challenges for European Green Deal financing in Europe: lessons from and for the agri-food climate transition |
|---|---|
| ID_Doc | 63097 |
| Authors | Long, TB; Blok, V |
| Title | Niche level investment challenges for European Green Deal financing in Europe: lessons from and for the agri-food climate transition |
| Year | 2021 |
| Published | Humanities & Social Sciences Communications, 8, 1 |
| Abstract | Green New Deal (GND) policies are proposed to tackle the climate emergency. These policies focus on driving climate innovation through unprecedented financial policy levers. However, while the macro-level financing dynamics are clear, the influence of niche level dynamics of sustainable innovation financing remain unexplored within these policy settings. Through the context of the European Green Deal and a focus on the agri-tech start-up sector in the Netherlands, we identify factors likely to reduce the efficacy of these policies from an innovation management perspective-such as project matching issues, socio-ethical factors or the characteristics of agri-food climate innovations. We go on to conceptualise that these challenges represent a range of asymmetries-from classic information asymmetries to less common value and objective asymmetries-between climate innovators and private investors and financers. Many remedies for asymmetries involve costs, likely to further inhibit the efficacy of the European Green Deal and similar policies. A partnering approach is proposed, where the non-financial resources of incumbent actors are harnessed and leveraged to enhance climate innovation performance. |
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