Gregor Semieniuk will be leading IIPP’s work on the green economy and sustainable development, focusing on the relationship between sources of finance and the direction of innovation.
Gregor’s research focuses on the role of energy in economic activity. First, through the lens of the economics of innovation Gregor analyses how heterogeneous sources of finance, including public ones, influence the direction of innovation in the renewable energy sector. Harnessing increasing availability of transaction-level data for powerplant financing, this research interrogates both how today’s financing decisions influence the path and pace of the energy transition, and the distributional consequences of finance directed towards renewable energy. This is complemented by research on the profitability of innovative companies active in manufacturing renewable energy plant and equipment. Second, through the lens of growth theory Gregor examines the importance of energy in aggregate technical change both at the national and global level. One question to answer is to what extent ‘decoupling’ from energy use has occurred at a global level and is likely to occur in the near future.
- Mazzucato, M. and Semieniuk, G. (2017) Financing Renewable Energy: Who is Financing What and Why it Matters. Technological Forecasting and Social Change. Forthcoming.
- Mazzucato, M. and Semieniuk, G. 2017. 'Public financing of innovation: new questions.' Oxford Review of Economic Policy, 33 (1). pp. 24-48. https://doi.org/10.1093/oxrep/grw036
- Semieniuk, G. 2016. Fossil energy in economic growth: A study of the energy direction of technical change, 1950-2012. SPRU Working Paper 2016-11. http://www.sussex.ac.uk/spru/swps2016-11
- Mazzucato, M., Semieniuk, G. and Watson, J. 2015. What will it take to get us a Green Revolution? Sussex Energy Group Policy Paper https://www.sussex.ac.uk/webteam/gateway/file.php?name=what-will-it-take...