Mathias Larsen

5 postdocs just advertised: Come work with us at the LSE Global School of Sustainability @gsos-lse.bsky.social. With 150 people working full-time on the political economy of decarbonisation, you'd be joining the largest research community on the topic.

jobs.lse.ac.uk/Vacancies/W/...

Applications are open for the Finance & Democracy Summer Workshop! Looking forward to teaching the session on 'Finance and the Chinese State'

Sage Journals: Discover world-class research Subscription and open access journals from Sage, the world's leading independent academic publisher.

New article out in Politics & Society with @danieldrisc.com and @maxkiefel.bsky.social : "Internationalizing Industrial Policy: How China and the United States Use State Capacity to Secure Critical Minerals for Electric Vehicles"

journals.sagepub.com/doi/10.1177/...

Green growth versus degrowth is a false choice The growth split in the climate movement only benefits the far right

New op-ed out in @prospectmagazine.co.uk with @jhasselbalch.bsky.social: "Green growth versus degrowth is a false choice: The growth split in the climate movement only benefits the far right"

www.prospectmagazine.co.uk/ideas/econom...

China shows monetary independence may hinder net zero progress Government direction has spurred PBoC to adopt green monetary policy measures, argue economists Mathias Larsen and James Jackson.

New commentary piece out in @greencb.bsky.social with @mathiaslarsen.bsky.social in which we discus central bank independence, green monetary policy and the People’s Bank of China (PBoC) - greencentralbanking.com/2026/01/13/c...

New op-ed out in LSE Business Review @lsebr.bsky.social:

Ground up shot of 2 apartment blocks with trees coming off the balconies and a blue cloudy sky.

'Two decades of analysing the state in the green transition: Where are we now?' Mathias Larsen, James Jackson & Environment and Climate Politics Working Group "suggesting that the debate surrounding the conceptus of the state has become overly conflated." 🌳

Full article 👉 https://ow.ly/JYmB50XvChB

Great to see our data used by the @iea.org in their new World Energy Outlook. The outlook uses our data to show the massive increase in Chinese outward investments in clean tech manufacturing.

A Flood of Green Tech From China Is Upending Global Climate Politics

Pleased to have my research featured in @nytimes.com reporting on China's role in a global green transition

www.nytimes.com/2025/11/10/c...

Revisiting central bank independence for the climate era: insights from the People’s Bank of China - Grantham Research Institute on climate change and the environment This paper explores the relationship between independence and climate action through an in-depth study of the PBoC, comparing it with Western central banks.

New paper out with @james7jackson.bsky.social in the working paper series of @granthamlse.bsky.social: 'Revisiting central bank independence for the climate era: insights from the People’s Bank of China'

www.lse.ac.uk/granthaminst...

New article out in @lsebr.bsky.social:

Reimagining growth futures: Overcoming the false binary between green growth and degrowth When imagining how a green transition can take place, the relationship between economic growth and environmental sustainability is commonly viewed in …

New article out in Ecological Economics with @jhasselbalch.bsky.social: 'Reimagining growth futures: Overcoming the false binary between green growth and degrowth'

www.sciencedirect.com/science/arti...

“Chinese overseas FDI is nearing $100 billion per year. The Marshall Plan was $200b—and locked Europe into US tech and standards. When we see sums of this size, we can ask whether it will have a similar effect on the globe.”

NEW: @70sbachchan.bsky.social & @mathiaslarsen.bsky.social on the BRI 2.0

I’m excited to have started a job at the LSE as a Senior Policy Fellow, leading the China work at the Grantham Research Institute on Climate Change & the Environment @granthamlse.bsky.social

A pleasure to contribute to the blog!

New op-ed published in @carnegieendowment.org's China blog, edited by @michaelpettis.bsky.social: “How China’s Growth Model Determines Its Climate Performance: Rather than climate ambitions, compatibility with investment and exports is why China supports both green and high-emission technologies.”

How China’s Growth Model Determines Its Climate Performance Rather than climate ambitions, compatibility with investment and exports is why China supports both green and high-emission technologies.

New op-ed out in the @carnegieendowment.org's China-blog edited by @michaelpettis.bsky.social: “How China’s Growth Model Determines Its Climate Performance"

carnegieendowment.org/posts/2025/0...

New policy report just published with groundbreaking data showing that China's new global role in the green transition is investing in manufacturing, not financing infrastructure: "China’s Green Leap Outward"
www.netzeropolicylab.com/china-green-...

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New article with @james7jackson.bsky.social out in Competition & Change: The green versus environmental state: Reviewing two decades of conceptualizing state-led approaches

journals.sagepub.com/doi/10.1177/...

China’s Political System Makes Consumption-led Growth Impossible Beijing’s prioritization of political security necessitates a reliance on investment and exports – not consumption – to power the economy.

New op-ed out in The Diplomat @thediplomat.com: 'China’s Political System Makes Consumption-led Growth Impossible: Beijing’s prioritization of political security necessitates a reliance on investment and exports – not consumption – to power the economy.'

thediplomat.com/2025/08/chin...

Green industrial policy under financial constraints: Insights from India’s state-led decarbonization State financing in different forms is the core of green industrial policy. In spite of severe domestic and international financial constraints, India’…

New article out in World Development: 'Green industrial policy under financial constraints: Insights from India’s state-led decarbonization'

www.sciencedirect.com/science/arti...

The archetype of a ‘big green state’? What China tells us about green macrofinancial regimes Driven by the urgency of the climate crisis, political economists are debating how the state can best ensure financing for a green transition. Providing a conceptual scaffolding for discussing diff...

NEW ARTICLE out in Review of International Political Economy @ripejournal.bsky.social: The archetype of a ‘big green state’? What China tells us about green macrofinancial regimes

doi.org/10.1080/0969...

What other countries can learn from how China financed a green transformation China's green transformation has come about more from financing green than greening finance, write <strong>Calvin Quek</strong> and <strong>Mathias Larsen</strong>

In my latest op-ed just out in Environmental Finance, Calvin Quek and I asses what policy tools are most central in how China finances green industries. Taxonomies, disclosure, and green bonds get most attention but these are not that impactful.

www.environmental-finance.com/content/anal...

The pullback of Chinese overseas financing and its implications for a post-neoliberal global financial order Abstract. Over the past 15 years, Chinese overseas financing has reached a staggering $2 trillion. Differing from neoliberal principles, Chinese finance is

New article out in Socio-Economic Review @sasemeeting.bsky.social: 'The pullback of Chinese overseas financing and its implications for a post-neoliberal global financial order.'

doi.org/10.1093/ser/...

Green financial planning: a state-capital relationship meta-governed through the Paris agreement The political economy literature has witnessed a proliferation of ‘green’ interpretations of long-standing analytical subjects in recent years. This includes green industrial policy, green macrofin...

‪New article out in New Political Economy! My co-author,
@james7jackson.bsky.social, and I propose the concept of 'green financial planning' to capture how the Paris Agreement presents a state-capital relationship around planning.

www.tandfonline.com/doi/full/10....

I only got involved in the topic after reading your article.

Really nice discussion of how US monetary policy affects decarbonization in emerging economies, from @danieldrisc.com

www.cambridge.org/core/journal...

I'll be in Beijing all of May and June as a visiting scholar at Peking University's Carbon Neutrality Institute. Let me know if you're in town or if you know someone I should meet.

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NEW ARTICLE out in Capital & Class revisiting the debate on whether China is capitalist or socialist: ‘Reconsidering the ‘China model’ through structure and agency: The hybrid realities of Chinese capitalism and ‘socialism with Chinese characteristics’

journals.sagepub.com/doi/10.1177/...

We have another phenomenal panel on green finance tomorrow morning at #ISA2025! We're bringing the energy with papers on solar investment, state-owned investment banks, the Bridgetown Initiative, sovereign green bonds, and more!

8:15 am in the Mobley Room!