Early stage investing in green SMEs

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Owen , R , Lehner , O , Lyon , F & Brennan , G 2020 , ' Early stage investing in green SMEs : The case of the UK ' , ACRN Journal of Finance and Risk Perspectives , vol. 8 , pp. 163-182 . https://doi.org/10.35944/jofrp.2019.8.1.011

Title: Early stage investing in green SMEs;
The case of the UK
Author: Owen, Robyn; Lehner, Othmar; Lyon, Fergus; Brennan, Geraldine
Contributor: Hanken School of Economics, Accounting, Helsinki
Belongs to series: ACRN Journal of Finance and Risk Perspectives
ISSN: 2305-7394
Abstract: How might a Green New Deal be applied to the early stage financing of Cleantechs? Amidst rising interest and adoption of Green New Deals in the US, the paper explores the need for more focused policy to address early stage long horizon financing of Cleantechs. We argue that insufficient focus has been applied to early stage investing into these types of innovative SMEs that could lower CO2 emissions across a range of sectors (including renewable energy, recycling, advanced manufacturing, transport and bio-science). Adopting a resource complementarity lens and borrowing from transaction cost theory, we illustrate and build theory through longitudinal UK case studies. These demonstrate how government policy can scale-up through international collaboration public-private, principally venture capital, co-finance to facilitate cleantech innovation with potentially game changing impacts on reducing CO2 emissions in order to meet the Paris 2015 Climate Change targets.
Date: 2020-01-07
Subject: 512 Business and Management
early stage cleantech
green new deal
low carbon
SME finance
1 - Open access publication channel
1 - Self archived
1- Minst en av författarna har en utländsk affiliation
1- Publicerad utomlands
0- Ingen affiliation med ett företag

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