Working paper by Chiara Colesanti Senni, Jens Van ‘T Klooster on 31 May 2023
This paper investigates the climate impact of central bank refinancing operations, with a focus on the European Central Bank’s Targeted Longer-Term Refinancing Operations (TLTRO) III programme.
Policy publication by Matthias Täger, Simon Dikau on 18 May 2023
This policy insight presents an initial conceptual framework on the application of climate scenario analysis and associated design requirements, focusing on the need for a clear purpose.
Working paper by Alexander Blasberg, Rüdiger Kiesel, Luca Taschini on 27 Jan 2023
In this paper the authors use Credit Default Swap (CDS) spreads to construct a forward-looking, market-implied carbon risk factor and study how, where and when carbon risk affects firms’ creditworthiness by examining whether firms’ exposure to carbon risk is reflected in the market prices of their CDS contracts.
Policy publication by Esin Serin, Anna Valero, Brendan Curran, Adithya Subramoni on 9 Nov 2022
Response to the call for evidence made as part of the Independent Review of Net Zero commissioned by the UK’s Secretary of State for Business, Energy and Industrial Strategy.
Policy publication by Nick Robins, Sabrina Muller on 20 Dec 2021
This policy brief reviews the attention given to a crucial aspect of climate change action – the just transition – at the COP26 climate summit and the priorities that lie ahead for 2022.
Working paper by Fergus Green, Declan Kuch on 31 Aug 2021
This analysis explores schemes for the monitoring, reporting and verification of fossil fuels, and points to a hybrid fossil fuel-based accountability framework that accounts for infrastructure and production volumes. Such transparency would provide opportunities for democratic oversight of climate governance efforts and channels to hold states accountable for their climate performance.
Policy publication by Nick Robins, Sabrina Muller on 23 Jul 2021
This report sets out a framework of just transition expectations that investors can use in conducting due diligence and assessments of companies, engaging with portfolio holdings and allocating capital. The framework is based on international standards and emerging practice and is applied to five companies in the European electric utilities sector.
Working paper by Simon Dikau, Ulrich Volz on 14 May 2021
Investigating the use of the green monetary policy tool ‘window guidance’ in China, the authors draw lessons for the design of green finance policies for other countries that seek to enhance sustainable finance and mitigate climate change and related risks.
Book by Andy Gouldson on 22 Oct 2020
Climate change represents the most important environmental challenge of our time. Organisations are responding by implementing governance processes and taking action to reduce their own emissions and the emissions from their supply chains and value chains. Yet very little is known about how these efforts contribute to reducing greenhouse gas emissions (if, indeed, they make […]
Policy publication by Misato Sato, Tobias Kruse, Josh Burke, Myra Mohnen, Peter Pope on 15 Jun 2020
To tackle the challenges of climate change, more investment needs to be mobilised in low-carbon technologies and capital assets. This report examines the implications for firms as they diversify into the green marketplace. read more »
