UCL Institute for Innovation and Public Purpose


The Green New Deal: what's the real deal?

13 July 2021, 5:30 pm–7:00 pm

WOWAW green

UCL Institute for Innovation and Public Purpose invites you to join this cutting edge talk debating the innovation and industrial policies, post-pandemic, that are vital for a climate-resilient, long-term and sustainable economy. The talk is part of the ‘Who owns what and why?’ (WOWAW) event series.

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The world’s greatest 21st century challenge is the climate crisis, and the Green New Deal has become shorthand for a range of systemic policy ideas and economic initiatives developed to confront this ‘wicked’ problem. COVID-19 has brought to light how destructive environmental degradation has been for both people and planet, and the pandemic has also opened social and economic ruptures. 

What does post-pandemic renewal mean for developing innovation and industrial policies for a climate-resilient, long-term and sustainable economy? Why does ownership - of land, assets and organisations - matter for the Green New Deal? How can we ensure businesses and finance rise to the climate crisis challenge?

Chairing the talk is Rana Foroohar (Financial Times), joined by Mariana Mazzucato (IIPP Director) and special guest Mark Carney (UN Special Envoy for Climate Action and Finance).

This talk is funded by the Omidyar Network as part of the ‘Who owns what and why?’ IIPP event series. Follow the conversation on Twitter at #IIPPWOWAW

Learn more about this event series


  • Mark Carney (UN Special Envoy for Climate Action and Finance)
  • Rana Foroohar (Global Business Columnist and an Associate Editor, Financial Times)
  • Mariana Mazzucato (Professor and Founding Director, UCL Institute for Innovation and Public Purpose)

About the Speakers

Mark Carney

Special Envoy for Climate Action and Finance at United Nations

Mark Carney is currently the UN Special Envoy for Climate Action and Finance and Prime Minister Johnson’s Finance Adviser for COP26. Mark is a member of the Arnhold Distinguished Fellowship Program Board within Conservation International. He is also an external member of Stripe’s Board, a global technology company building economic infrastructure for the internet.
Mark was previously Governor of the Bank of England (from 2013 to 2020), and Governor of the Bank of Canada (from 2008 to 2013). Internationally, Mark was Chair of the Financial Stability Board (from 2011 to 2018), He chaired the Global Economy Meeting and Economic Consultative Committee of the Bank for International Settlements (from 2018-2020) and was First Vice-Chair of the European Systemic Risk Board (from 2013 2020). He is Vice Chair of Brookfield Asset Management and a member of the Global Advisory Board of PIMCO, the Group of Thirty, the Foundation Board of the World Economic Forum, as well as the boards of Bloomberg Philanthropies, the Peterson Institute for International Economics and the Hoffman Institute for Global Business and Society at INSEAD.
Mark was born in Fort Smith, Northwest Territories, Canada in 1965. After growing up in Edmonton, Alberta, he obtained a bachelor degree in Economics from Harvard and masters and doctorate degrees in Economics from Oxford.
After a thirteen-year career with Goldman Sachs, Mark was appointed Deputy Governor of the Bank of Canada in 2003. In 2004, he became Senior Associate Deputy Minister of Finance. He held this position until his appointment as Governor of the Bank of Canada in February 2008.
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Rana Foroohar

Global Business Columnist and an Associate Editor at Financial Times

Rana Foroohar_150x150.jpg
Rana Foroohar is Global Business Columnist and an Associate Editor at the Financial Times, based in New York. She is also CNN’s global economic analyst. Her first book, “Makers and Takers: The Rise of Finance and the Fall of American Business” (Crown), about why the capital markets no longer support business, was shortlisted for the Financial Times McKinsey Book of the Year award in 2016. Her second book, “Don’t Be Evil: How Big Tech Betrayed Its Founding Principles – And All of Us” about the 20-year rise of platform technology and how it has reshaped economics, politics, and society, was released in November of 2019, and was named Porchlight Business Book of the year. She is currently at work on her third book about the post-neoliberal world. 
Prior to joining the FT and CNN, Foroohar spent 6 years at TIME, as an assistant managing editor and economic columnist. She previously spent 13 years at Newsweek, as an economic and foreign affairs editor and a foreign correspondent covering Europe and the Middle East. During that time, she was awarded the German Marshall Fund’s Peter Weitz Prize for transatlantic reporting.  She has also received awards and fellowships from institutions such as the Society for Advancing Business Editing and Writing (SABEW), the Newswoman’s Club of New York, the Johns Hopkins School of International Affairs and the East West Center.  She is a member of the Council on Foreign Relations, and sits on the advisory board of the Open Markets Institute. Foroohar graduated in 1992 from Barnard College, Columbia University. She lives in Brooklyn with her husband, the author John Sedgwick, and her two children. Follow Rana on Twitter: @RanaForoohar


More about Rana Foroohar

Mariana Mazzucato

Director at UCL Institute for Innovation and Public Innovation (IIPP)

Mariana Mazzucato
Mariana Mazzucato is Professor in the Economics of Innovation and Public Value at University College London, where she is the Founding Director of the UCL Institute for Innovation & Public Purpose.  She is the author of three highly-acclaimed books: The Entrepreneurial State: Debunking Public vs. Private Sector Myths (2013), The Value of Everything: Making and Taking in the Global Economy (2018), and the newly released, Mission Economy: A Moonshot Guide to Changing Capitalism (2021). She advises policymakers around the world on innovation-led inclusive and sustainable growth. Her current roles include being Chair of the World Health Organisation’s Economic Council on Health for All and a member of the South African President’s Economic Advisory Council, the Scottish Government’s Council of Economic Advisors, and the United Nations High-level Advisory Board (HLAB) on Economic and Social Affairs, among others.  Follow Mariana on Twitter: @MazzucatoM More about Mariana Mazzucato