Questions of finance and investment are at the heart of discussions on mitigation and adaptation at all levels and in all contexts.

Internationally, recent UNFCCC negotiations have centred on finance, with key debates on the amounts and forms of finance required, and on the institutional frameworks needed to stimulate, allocate and oversee the funds.

This theme extends our work on carbon markets as a central tool in raising and spending carbon finance, as well as examining the ‘multi-level governance’ of climate finance from an interdisciplinary perspective, including human geography, international relations and political economics.

The theme leader for Advancing climate finance and investment is Sam Fankhauser

Research projects

This theme is comprised of 3 research projects:

Project 2a – Political Economics of Climate Finance

Project 2b – Multilevel governance of climate finance

Project 2c – Evolution of carbon markets

Working papers

• Creating an enabling environment for investment in climate services: The case of Uruguay’s National Agricultural Information System
  Catherine Vaughan, Suraje Dessai - 18 Nov 2017
• The Role of Microfinance in Household Livelihood Adaptation in Satkhira District, Southwest Bangladesh
  Adrian Fenton, Jouni Paavola, Anne Tallontire - 4 Dec 2016
• Getting more ‘carbon bang’ for your ‘buck’ in Acre State, Brazil
  Charles Palmer, Luca Taschini - 31 Oct 2016
• Asset accounting, fiscal policy and the UK’s oil and gas resources, past and future
  Giles Atkinson, Kirk Hamilton - 23 Sep 2016
• Emissions trading systems with cap adjustments
  Luca Taschini, Sascha Kollenberg - 29 Jul 2016
• How green are economists?
  Stefano Carattini, Alessandro Tavoni - 28 Jul 2016
• Dynamic supply adjustment and banking under uncertainty: the Market Stability Reserve
  Luca Taschini, Sascha Kollenberg - 2 Mar 2016
• Methods for Evaluating the Performance of Emission Trading Schemes
  Misato Sato - 15 Dec 2015
• Comovement and the financialization of commodities
  Luca Taschini, Matteo Bonato - 10 Nov 2015
• Beliefs, politics, and environmental policy
  Antony Millner - 25 Aug 2015
• Which “fairness”, for whom, and why? Broadening inputs for a standard designed to certify “fairtrade carbon credits”
  Anne Tallontire, Lindsay Stringer, Robert Marchant - 6 Jun 2015
• Understanding the demand for REDD+ credits
  Luca Taschini, Charles Palmer, Wolf Heinrich Reuter, Sabine Fuss, Johanna Wehkamp - 27 May 2015
• The ‘optimal and equitable’ climate finance gap
  Alex Bowen, Emanuele Campiglio, Sara Herreras Martinez - 16 Mar 2015
• Renewable energy partnerships in development cooperation: Towards a relational theory of technical assistance
  Lena Kruckenberg - 6 Jan 2015
• Exploring the agency of Africa in designing REDD+ and the associated implications for national level implementation
  Claire Quinn, Joanes Atela - 6 Dec 2014
• What lays at stake for standards organisations pursuing fairness in the carbon market? Lessons from literature applied to practice in the carbon market
  Anne Tallontire, Lindsay Stringer, Robert Marchant - 1 Oct 2014
• Debt relief and financing climate change action
  Adrian Fenton, Helena Wright, Stavros Afionis, Jouni Paavola, Saleemul Huq - 30 Jul 2014
• Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy
  Emanuele Campiglio - 15 Jul 2014
• Talking the talk of change: REDD+ discourse in the national media
  Monica Di Gregorio, Maria Brockhaus, Tim Cronin, Efrian Muharrom, Sofi Mardiah, Levania Santoso - 7 Apr 2014
• Understanding the Governance of Corporations: Linking theory and practice through an examination of the factors shaping UK supermarket strategies on climate change
  Andy Gouldson - 1 Apr 2014