Policy publication by James Rydge on 11 Dec 2020
This paper provides a high-level and accessible overview of the most prominent methods and metrics emerging in the public and private sector to assess Paris alignment of finance flows and guide investment decisions. It aims to provide clarity for any finance actor who needs to understand and progress the Paris alignment of finance flows.
Working paper by Ghassane Benmir, Josselin Roman on 22 Apr 2020
This paper assesses the effectiveness and interactions of different policies aimed at reducing carbon dioxide emissions, using a macro-financial framework. The research aims to provide central banks and similar institutions with the tools to contribute to climate change mitigation and demonstrates the importance of including these institutions in the push to reduce global emission levels. read more »
Policy publication by Nick Robins on 21 Apr 2020
Transcript of the keynote speech delivered by Nick Robins on 20 April 2020 as part of Earth Day Week, in which he suggests five priorities for how we should reset sustainable finance in the decade to 2030. read more »
Working paper by Simon Quemin on 10 Mar 2020
Following reform of the EU emissions trading system (ETS) in 2018 further regulatory amendments are on the horizon as part of the 2021 review. This paper evaluates and compares the impacts of realistic regulatory changes within the ETS to inform the 2021 review and raise ambition, examining two main policy levers: the linear reduction factor and the market stability reserve. read more »
Working paper by Tobias Kruse, Myra Mohnen, Misato Sato on 18 Feb 2020
This paper provides new evidence that financial markets value firms’ expansion into production of low carbon goods and services, but they remain cautious on divesting from the most polluting industries. read more »
Working paper by Giovanni Marin, Francesco Vona on 17 Dec 2019
In evaluating the responses of French manufacturing firms to large increases in energy prices, which the authors use as a proxy for stringent environmental policy, they find that costs in terms of job losses and competitiveness are smaller by an order of magnitude than the benefits in terms of reducing carbon dioxide emissions. read more »
Working paper by Stefano Carattini, Suphi Sen on 6 Aug 2019
The authors of this paper show that while a convergence towards relatively high carbon prices is more than welcome from a climate perspective, central banks and other agencies responsible for financial stability may need to play close attention to such development. read more »
Policy publication by Alina Averchenkova, Kate Elizabeth Gannon, Patrick Curran on 26 Jun 2019
This report and accompanying 8-page brief examine some of the emerging challenges in climate governance in South Africa and potential solutions. The lessons identified are also relevant for other developing economies. read more »
Working paper by Baran Doda, Simon Quemin, Luca Taschini on 27 Feb 2019
A patchwork of emissions trading systems (ETSs) currently operate in several jurisdictions, including the EU, Switzerland, South Korea and several US states and Canadian provinces. China has also been experimenting with emissions trading in seven provinces and cities and is setting up a national system that will be much larger than the current largest system, […]
Working paper by Linus Mattauch, Richard Millar, Frederick van der Ploeg, Armon Rezai, Anselm Schultes, Frank Venmans, Nico Bauer, Simon Dietz, Ottmar Edenhofer, Niall Farrell, Cameron Hepburn, Gunnar Luderer, Jacquelyn Pless, Fiona Spuler, Nicholas Stern, Alexander Teytelboym on 4 Jan 2019
The authors of this comment respond to a recent argument put forward by Lemoine and Rudik (2017), that it is efficient to delay reducing carbon emissions because there is substantial inertia in the climate system. Mattauch et al. show that there is no such inertia, which means there is no lag between carbon emissions and warming. read more »
