UCL Institute for Innovation and Public Purpose


Industrial policy: Steering green growth

06 June 2023, 9:00 am–10:30 am


Join this talk with world leaders to share their thoughts and experience in directing today's green industrial strategy.

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Tuesday 6 June 2023 | 09:00-10:30 (BST) UK Time

Industrial policy is back. The United States has pumped more than $2 trillion in the country’s industry since 2021 and the European Commission has responded with its own Green Deal Industrial Plan and European Chips Act. We are also seeing countries across the developing world redesign their industrial strategies to become more strategic and outcomes oriented. Indeed, we are seeing the development of a new type of industrial policy globally, one that is more ambitious in its efforts to direct public and private investment and innovation towards clear objectives, and more purposeful in sharing the benefits that result from economic activity. If countries are serious about tackling the climate crisis and driving forwards the green transition, then now is the time to get industrial policy right and push growth in a green direction. 

This session examines the challenges and opportunities of developing, implementing, and governing a green industrial strategy in today’s multi-polar world. Listen to world leaders such as Martin Guzman (former Minister of Economy and Labour of Argentina) and Elisabeth Werner (European Union) explore whether we have the correct institutional frameworks – located at the correct level of governance – to embed green objectives within both the principle and practice of industrial policy.

It will be an opportunity for panel members to share their own experiences in leveraging new policies like procurement, designing new institutions like sovereign wealth funds, and embedding a new set of conditionalities in public funding to shape and create new green markets. Policy decisions today will have a long-lasting impact on the type of growth we achieve over the decades to come.

Meet the panel:

Introduction by Nora Clinton, Head of the Mission-Oriented Innovation Network at the UCL Institute for Innovation and Public Purpose (IIPP). The keynote and moderation of this talk by Prof Mariana Mazzucato, Professor in the Economics of Innovation and Public Value, in conversation with:

  • Elisabeth Werner, Deputy Secretary-General for Policy Coordination, European Commission
  • Prof Martin Guzm`an, Professor of Public Policy, University of Columbia and former Minister of Economy, Republic of Argentina
  • Alicia Bárcena, Former Executive Secretary at United Nations Economic Commission for Latin America and the Caribbean
  • Dr Nimrod Zalk, Acting Deputy Director-General: Industrial Competitiveness and Growth, Department of Trade, Industry and Competition, Republic of South Africa
  • Dr Mzu Qobo, Associate Professor and Head at the Wits School of Governance, University of the Witwatersrand

The event is part of the IIPP 2023 Festival: The Entrepreneurial State 2.0. - Rethinking the State in the 21st Century. 

Join the conversation on #IIPP_MOIN and #TheEntreprenurialState2.

About the Speakers

Nora Clinton

Head of the Mission-Oriented Innovation Network at UCL Institute for Innovation and Public Purpose (IIPP)

Nora Clinton
Nora leads IIPP’s Mission-Oriented Innovation Network (MOIN). MOIN is IIPP's policy network and learning platform which brings together global public sector organisations to share the challenges and opportunities they face when stepping outside the market fixing box into a market-shaping role to respond to bold, difficult and complex ‘grand challenges’ such as climate change, ageing societies and preventative health care.

Nora has over fifteen years experience in managing relationships and network structures in academic, charity and multinational business settings. Following eight years working in the private sector with companies such as Campari, Del Monte and Hewlett Packard, she developed a deep interest in sustainability and models of new economic thinking.  Prior to joining IIPP, she worked as the Higher Education Network Manager at the Ellen MacArthur Foundation; building networks in accelerating the transition to a circular economy. She holds an MSC in Sustainable Development from SAOS.  Her first love is languages, she holds a BA in Applied languages from University of Limerick and speaks fluent French and Italian. More about Nora Clinton

Prof Mariana Mazzucato

Founding Director and Professor in the Economics of Innovation and Public Value at UCL Institute for Innovation and Public Purpose

Mariana Mazzucato
Mariana Mazzucato (PhD) is Professor in the Economics of Innovation and Public Value at University College London (UCL), where she is Founding Director of the UCL Institute for Innovation & Public Purpose (IIPP). She received her BA from Tufts University and her MA and PhD from the Graduate Faculty of the New School for Social Research. Her previous posts include the RM Phillips Professorial Chair at the Science Policy Research Unit (SPRU) at Sussex University. She is a selected fellow of the UK’s Academy of Social Sciences (FAcSS) and of the Italian National Science Academy (Lincei).

She is winner of international prizes including the Grande Ufficiale Ordine al Merito della Repubblica Italiana in 2021, Italy’s highest civilian honour, the 2020 John von Neumann Award, the 2019 All European Academies Madame de Staël Prize for Cultural Values, and the 2018 Leontief Prize for Advancing the Frontiers of Economic Thought. She was named as one of the ‘3 most important thinkers about innovation‘ by The New Republic, one of the 50 most creative people in business in 2020 by Fast Company, and one of the 25 leaders shaping the future of capitalism by WIRED. Most recently, Pope Francis appointed her to the Pontifical Academy for Life for bringing “more humanity” to the world.

She is the author of four highly acclaimed books: The Entrepreneurial State: debunking public vs. private sector myths (2013) which investigates the critical role the state plays in driving growth; The Value of Everything: making and taking in the global economy (2018) which looks at how value creation needs to be rewarded over value extraction; Mission Economy: a moonshot guide to changing capitalism (2021) rethinks the capacity and role of government within the economy and society; and most recently The Big Con: How the Consulting Industry Weakens our Businesses, Infantilizes our Governments and Warps our Economies (2023).

She advises policymakers around the world on innovation-led inclusive and sustainable growth. Her current roles include being Chair of the World Health Organization’s Council on the Economics of Health for All, Co-Chair of the Global Commission on the Economics of Water, Co-Chair on the Council on Urban Initiatives, member of the South African President’s Economic Advisory Council, the UN High Level Advisory Board for Economic and Social Affairs, the European Space Agency’s High-Level Advisory Group on Human and Robotic Space Exploration for Europe, Argentina’s Economic and Social Council and Vinnova’s Advisory Panel in Sweden and the OECD High-Level Advisory Panel on Climate and Economic Resilience. Previously, through her role as Special Advisor for the EC Commissioner for Research, Science and Innovation (2017-2019), she authored the high-impact report on Mission-Oriented Research and Innovation in the European Union, turning 'missions' into a crucial new instrument in the European Commission’s Horizon innovation programme, and more recently, authored a report with the UN’s Economic Commission for Latin America and the Caribbean (ECLAC) on Transformational Change in Latin America and the Caribbean: A mission-oriented approach.  More about Prof Mariana Mazzucato

Elisabeth Werner

Deputy Secretary-General for Policy Coordination at European Commission

Elisabeth Werner
Elisabeth Werner, an Austrian national, has been working for the European Commission since 1996, where she held numerous roles in the area of budget and transport.

In 2014, Ms Werner joined the Cabinet of Vice-President Kristalina Georgieva, responsible for Budget and Human Resources, where she became Head of Cabinet. In the field of transport and mobility, she was Director of Land Transport, responsible for road and rail transport in the EU and its security. In March 2021, Ms Werner was appointed Deputy Secretary-General of the European Commission. She is responsible for policy coordination, including the Green Deal. Ms Werner is Chair of the European Commission’s Taskforce on Equality.

Ms Werner holds a degree from the University of Vienna in economics and an MA from Collège d’Europe, Bruges.

Prof Martin Guzm`an

Professor of Public Policy at University of Columbia and former Minister of Economy, Republic of Argentina

Martin Guzman
Martín Guzmán was born in La Plata on October 12, 1982. He served as Minister of Economy of the Republic of Argentina (December 2019- July 2022). As Minister of Economy of Argentina, he led the management of a sovereign debt crisis that included the second largest sovereign debt restructuring in history (2020), the economic policy to manage the Covid-19 pandemic in the context of the debt and inflation crises, the policies for the fast economic and employment recovery in 2021, the debt restructuring negotiations with the Paris Club, and the negotiations with the International Monetary Fund towards a deal achieved in January 2022 for refinancing the largest loan in the history of the institution that had been agreed in 2018.

He is a leading global expert in the fields of sovereign debt and debt crises resolution. His research focuses on the emergence, propagation, and resolution of macroeconomic disequilibria, monetary economics, and economic development. His research has been published in leading international journals and books.

He is a William S. Beinecke Visiting Professor of Public Policy in the Faculty of International and Public Affairs of Columbia University, where he teaches Sovereign Debt and Power Dynamics. He is also a Professor of Money, Credit, and Banking at the National University of La Plata, Argentina.

He is the co-President of the Initiative for Policy Dialogue (IPD), an academic center at Columbia University Business School established in 2000 by Nobel Laureate Joseph E. Stiglitz, which works to broaden dialogue and explore trade-offs in development policy by bringing the best ideas in development to policymakers facing globalization’s complex challenges and opportunities, and that strives to contribute to a more equitably governed world by democratizing the production and use of knowledge. At IPD, he is also the Director of the Sovereign Debt Management and Restructuring Program.

He has served as editor-in-chief of the Journal of Globalization and Development and is a member of the editorial board.

He is a member of the Pontifical Academy of Social Sciences in the Vatican, a member of the Scientific Board of the Trento Summer School in Adaptive Economic Dynamics at the University of Trento, Italy, and a Young Global Leader of the World Economic Forum. He is also a Commissioner of the Independent Commission for the Reform of International Corporate Taxation (ICRICT).

He holds a PhD. In Economics from Brown University, United States (2013). Prior to his doctoral studies, he received a B.A. in Economics (2005) and a M.A. in Economics (2007) from the National University of La Plata, Argentina. More about Prof Martin Guzm`an

Alicia Bárcena

Former Executive Secretary at United Nations Economic Commission for Latin America and the Caribbean

 Alicia Bárcena
Ms. Bárcena assumed office as the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC) on 1 July 2008.

She had previously served as the Under-Secretary-General for Management at United Nations Headquarters in New York, Chef de Cabinet and Deputy Chef de Cabinet to the former Secretary-General, Mr. Kofi Annan.

Alicia Bárcena held the post of Deputy Executive Secretary and Director of ECLAC’s Environment and Human Settlements Division.

Prior to her time at ECLAC, Ms. Bárcena served as Co-ordinator of the Latin American and Caribbean Sustainable Development Programme of the United Nations Development Programme (UNDP), responsible for the Environmental Citizenship Project at the United Nations Environment Programme (UNEP).

Alicia Bárcena was the Founding Director of the Earth Council in Costa Rica, a non-governmental organization in charge of follow-up to the agreements reached at the United Nations Conference on Environment and Development (UNCED) held in Rio de Janeiro, Brazil, in 1992.

Ms. Bárcena has taught and conducted research in the Autonomous Metropolitan University of Mexico. She has published numerous articles on sustainable development, public policy, environmental issues, and public participation.

Alicia Bárcena holds a Bachelor of Science degree in Biology, and holds a Master degree in Public Administration from Harvard University. She has completed the courses for a degree of Master in Ecology, and has initiated studies for a PhD degree in Economics at the National Autonomous University of Mexico.

Alicia Bárcena has been an OGP Ambassador since October 2017.

More about Alicia Bárcena

Dr Nimrod Zalk

Acting Deputy Director-General: Industrial Competitiveness and Growth at Department of Trade, Industry and Competition, Republic of South Africa

Nimrod Zalk
Nimrod sits on the boards of the South African Industrial Development Corporation (IDC), and Trade and Industrial Policy Strategies (TIPS) and the National Metrology Institute of South Africa (NMISA).

He holds a PhD in Economics from the University of London’s School of Oriental and African Studies (SOAS) and is an Adjunct Associate Professor at the Nelson Mandela School of Public Governance, University of Cape Town.

Nimrod has been involved in a range of processes related to South African and African industrial development including:

Development and implementation of various sector Master Plans and Strategies; Green industrialization; and building international manufacturing export competitiveness.

Development and implementation of South Africa’s National Industrial Policy Framework (NIPF) and Industrial Policy Action Plans (IPAP); design and implementation of key industrial policy initiatives including various sector strategies, industrial financing instruments, and leveraging procurement for industrial development; and the development of the DTI’s sector strategy methodology.

Multilateral institutions including UNCTAD, UNIDO and the ILO; Professor Joseph Stiglitz’s Initiative for Policy Dialogue (IPD): Africa Task Force; Ethiopian industrial development and policy; and the New Economic Partnership for African Development (NEPAD) process.

Measures to deal with monopolistic behaviour in the South African economy.

The South African Renewables Initiative (SARi).  

He has authored papers on a range of topics including:  

  • Industrial development and policy  
  • Competition and Competitiveness  
  • Regional economic development 

Dr Mzu Qobo

Associate Professor and Head at the Wits School of Governance at University of the Witwatersrand

mzukisi qobo
Mzukisi "Mzu" Qobo is an Associate Professor and Head of School at the Wits School of Governance, University of the Witwatersrand. He is an expert on political economy, strategy, and geopolitics. He has a growing interest in themes related to digital governance, innovation, and the impact of shifts in energy technologies on society.

Over the last 20 years, Mzu has fulfilled various roles as a leader in the public sector, an academic, and an advisor to decision-makers in the government and corporate sectors. Mzu has been a member of President Cyril Ramaphosa’s Economic Advisory Council since 2019. In 2020, he was appointed by the Minister of Agriculture to facilitate the Agriculture and Agro-processing Masterplan for South Africa. He successfully concluded the negotiations in May 2022. He has also served as a member of the Task Team for the Professionalisation of Public Services, which advised the Minister of Public Services and Administration.

Mzu obtained his PhD from the University of Warwick, United Kingdom; MA from the University of Stellenbosch; and BA from the University of Cape Town. He has published extensively in academic and policy journals on political economy, governance, and geopolitics. His latest book, The Political Economy of US-China Relations and Implications for Africa, was published by Palgrave Macmillan.

Mzu is excited about the possibilities of innovation and new technologies that could help societies achieve a positive and lasting societal impact. More about Dr Mzu Qobo