Category Archives: Climate Change

Central Banks in the Hot Seat: How Should Central Banks Join the Fight Against Climate Change?

By | February 10, 2020

Courtesy of Juliana B. Bolzani Although some skepticism remains about the causes and effects of climate change, scientists have concluded that human activity is significantly accelerating global warming.  In response to this emergency scenario, important voices in the private and public sectors have stressed the need for action, standing in contrast with the US government’s… Read More »

What does Corporate Social Responsibility tell us about Bank Risk?

By | December 19, 2019

Courtesy of Florian Neitzert and Matthias Petras Sustainability is one of the dominate issues of our time. In particular, public awareness about climate change has recently increased and the associated risks to society have been on the public agenda. On a political level, this culminated in the UN-Paris Climate Agreement of 2015. Since then, movements… Read More »

Can Prudential Regulation Help the Transition to a Green Economy?

By | February 22, 2019

Courtesy of Lorenzo Esposito[1], Giuseppe Mastromatteo[2] and Andrea Molocchi[3] Among the many lessons learned by the financial industry, central banks, and economists in the wake of the global financial crisis, the most important may be the relevance of systemic risk. In a market dominated by multinational financial conglomerates, developments and disruptions in one country can… Read More »

Financial Development and Industrial Pollution

By | September 20, 2018

Courtesy of Ralph De Haas (EBRD) and Alexander Popov (ECB) At the 2015 Paris Climate Conference (COP21), the leaders of the G20 stated their intention to significantly scale up green-finance initiatives to fund low-carbon infrastructure and other climate solutions. A key example is the burgeoning market for green bonds to fund projects that save energy,… Read More »

SEC’s Corporate Disclosure Rules Are the Latest Front in the War on Climate Change, Corporate Tax Avoidance, and Much More

By | November 2, 2016

Courtesy of Tyler Gellasch An unexpected fight is unfolding at one small agency in DC that may have profound impacts on every single American for decades. The battle is being waged on the 10th floor of 100 F Street (also known as the headquarters of the Securities and Exchange Commission) and the Capitol building across… Read More »