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This year鈥檚 in Madrid were the focal point for global leaders in the public and private sector to come together to talk about creating a green future.听

The theme for this year鈥檚 talks was the urgency of the climate conversation, with signs around the COP venue saying #TimeforAction.

As part of this huge global event,听IIPP Director Mariana Mazzucato helped to push the climate talks in a vital direction, with a focus on missions.听

Professor Mazzucato sat down with Pedro Duque -Spain鈥檚 Minister of Science, Innovation and Universities, and Jos茅 Dom铆nguez Abascalthe Secretary of State for Energy, for a panel moderated by Kirsten Dunlop, CEO .听EIT聽Climate-KIC聽is a European knowledge and innovation community that identifies and supports innovation that helps society mitigate and adapt to climate change.听The panel, held in the Spanish Pavilion at COP25, focused on how聽immediate action and bold innovation policies are needed to respond to the challenges posed by climate change.听

Introducing IIPP鈥檚 work in the area,听Professor Mazzucato explained the need for climate talks to be seen as part of a wider mission across global institutions. She explained that for climate change to be successful, it can鈥檛 be siloed on its own, it needs to be weaved through every industry, so that green objectives become part of the daily business activities of every industry, rather than an afterthought or an add-on. The green mission work should be a challenge that makes researchers uncomfortable, pushing them to find innovation solutions.

Professor Mazzucato also shared the current work that IIPP is doing on the ground with our partners EIT Climate-KIC on the research and policy engagement level to create climate change and the work IIPP is doing with labour unions working in Mondragon, the聽Basque region of Spain, as well as in聽Northern Italy鈥檚 industrial regions and in South Africa to shape green industrial strategies and missions for sustainable development at local and regional levels.
As part of聽the COP25 summit in Madrid, the European Commission president Ursula von der Leyen announced the launch of the EU Green Deal. Commenting on the Green Deal,听Professor Mazzucato that celebrated the announcement, while also reminding policy makers of the need for a missions-orientated approach to this green transition.听

鈥淐ritically, a green direction will mean redesigning all EU instruments, including those used by the European Central Bank and financial regulators, the European Investment Bank, structural funds, investment funds and funds for small and medium-sized enterprises. The 鈥渕ission-oriented鈥� approach 鈥� which my institute helped create and is guiding EU innovation funds 鈥� can help create coherence between such policies and put the public good at the centre of economic growth鈥� she said.

For more information on IIPP鈥檚 work on green economy and sustainable growth please contact聽Martha McPherson.听