Periodic Reporting for period 1 - DeFInE (Defining strategic financial governance of innovation: institutional context(s) and strategic capabilities of State-Investment Banks in the EU.)
Berichtszeitraum: 2020-10-01 bis 2022-09-30
1) developing a more nuanced understanding of state investment banks as specialised financial institutions; and
2) supporting the researcher in developing more policy-oriented research competences and communication skills.
The project achieved both aims, despite substantial disruptions caused by the COVID-19 pandemic.
The extraordinary circumstances of the pandemic and particularly public investment policies implemented during and immediately after the COVID-19 pandemic provided a set of unique opportunities in terms of studying public investments as well as contributing to policy discussions through policy-oriented publications and events (such as policy-focused discussion panels). Namely, unprecedented public spending programmes that took place worldwide and the implementation of post-COVID recovery plans (e.g. Recovery and Resilience Facility in the EU) provided a unique opportunity to develop an additional focus on green and net-zero investment policies. In addition, the empirical framework of the project was expanded towards looking at how climate-related investments are coordinated between key public financial institutions: Finance Ministries, Central Banks and state investment banks. This broader but relatively niche focus on public investments and their coordination at the institutional/governance level is reflected in the academic publications that resulted from the project.
In term of policy-related activities, the impact of the project was considerable and exceeded activities initially foreseen. Namely, the researcher contributed to policy publications discussing the issues of green industrial strategy, community-oriented wealth fund, and just transitions. The researcher also convened and chaired the Discussion Series ‘Governing the Green Transition’, which explicitly aimed at building bridges between academic research and policy practice and was open to the wider public audience.