Whose risk? Whose responsibility? The politics and financialisation of uncertainty

At the STEPS Centre Symposium on the Politics of Uncertainty, Susan Erikson (Simon Fraser) and Rebecca Elliott (LSE) presented fascinating cases for the insurance theme, which was part of the finance cluster. Here are two snapshots: Financing Emergency Pandemics In July 2020, 26 investors in the Pandemic Emergency Financing Facility (PEF) are set to reap…

Solidarity, insurance, emotions and uncertainty

I spent a fascinating three days at the STEPS Politics of Uncertainty Conference in July, and in the last few weeks have been mulling over what I have taken from the rich conversations we have had. I spent much of my time in a stream focused on uncertainty in the context of finance and banking….

What Greece can learn from Africa about the effects of austerity after a debt crisis

Ian Scoones, republished from The Conversation   Some have asked what can Africa learn from Greece. I argue that Greece (and others) can learn a lot from the African experience. Debt is on the rise again not just in Greece, but across the world. A decline in commodity prices with a strengthening of the US…

Why isn’t global renewable energy investment growing faster?

Guest blog by Stephen Spratt, Research Fellow at the Institute of Development Studies Last Friday I was a discussant at a fascinating seminar given at SPRU by Marianna Mazzucato and Gregor Semieniuk, where we heard details of new research on global renewable energy investment. Despite some shortcomings, the best current source of data is Bloomberg…

Mission-Oriented Finance for Innovation: top-down missions or bottom-up causes?

Andy Stirling, co-director of STEPS, will be a speaker at the conference Mission-Oriented Finance for Innovation on 22-24 July in London, which examines the important role of public sector agencies in tackling societal challenges through innovation. The conference is organised by Prof Mariana Mazzucato of SPRU with Prof L. Randall Wray (UMKC & Levy Institute,…

Mariana Mazzucato on ‘The Green Entrepreneurial State’: video, audio & slides

Mariana Mazzucato gave a public lecture on ‘The Green Entrepreneurial State’ as part of this year’s STEPS Summer School. Audio, video and slides from her talk are now available (see below). Prof Mazzucato is the author of the book ‘The Entrepreneurial State: public vs private sector myths’. She holds the prestigious RM Phillips chair in…

GUARDIAN VIDEO: MELISSA LEACH ON PAYING THE CLIMATE CHANGE BILL

In the run up to the Copenhagen conference on climate change, here’s Melissa Leach from the STEPS Centre talking about how to pay the climate change bill. Payments from industrialised countries to developing countries are one method of footing the bill (for example, to help them reduce emissions or invest in clean technologies). But how…

STEPS SYMPOSIUM: IMPACT OF THE FINANCIAL CRISIS

By Sara J Wolcott Hardly surprisingly, the implications of the Financial Crisis of 2008 was a sub-theme of the Symposium. Several participants noted that there seems to be less money than there used to be – funding for the cutting edge projects that advance alternative knowledge systems is harder to come by than it used…

HOW WILL WE FINANCE FUTURE HEALTH SYSTEMS?

KATE HAWKINS, Future Health Systems member Day 2 of the Geneva Health Forum was characterised by discussions about the most appropriate mechanisms to finance functioning health systems and what changes in policy would be necessary to support this. Whilst development assistance overall is increasing the percentage share allocated to health is not rising at a…