This paper is a chapter of the book Ecological Money and Finance, published by Palgrave Macmillan Cham
There is a vicious circle linking finance and climate. By providing cheap and plentiful financing, whose risks are poorly priced to companies involved in fossil fuels research, exploration and production, financial institutions are enabling and accelerating climate change. In turn, global warming is a major source of financial systemic risk. The failure of market mechanisms to respect the carbon budget, to assess climate-based financial risks, and to reallocate financial flows on a more sustainable greenhouse gas emission pathway call for strong public interventions and for a strong involvement of both central banks and regulators in the structural change of finance.
Ce séminaire porte sur la finance solidaire et la finance à impact qui sont considérées comme des modes de financement alternatifs ou complémentaires aux circuits financiers traditionnels. Il interroge en particulier l’évolution de ces deux types de finances au regard de leurs objectifs affichés, étant donné leur essor important depuis une quinzaine d’années.
This one-day workshop brings together researchers working on the design, evaluation, and impact of climate policies aimed at fostering the development and diffusion of low-carbon technologies. The presentations will cover a range of topics including the regulation of urban transport emissions, the integration of carbon dioxide removal into energy markets, the strategic adoption of...