A new UN Climate agreement will probably be signed by the end of this year with some incremental progress but even inveterate optimists like myself don’t believe it will be capable of ‘bridging the gap’ between the maximum that 196 governments can agree upon by consensus...
Financial shocks can originate from ecological imbalances what justifies more careful attention by the financial regulators to this specific risk. A new macroprudential framework is proposed.
Three factors hold back low-carbon investment in Europe: the risk/return profile of low-carbon investment projects, regulatory and behavioural features in the financial sector and a more global political economy context. These are key issues to create an investment climate for climate investment.
Four guide-posts for efficient low-carbon finance are proposed: remove subsidies for high-carbon technologies, improve the cost-effectiveness of low-carbon subsidies, encourage private sector innovation, and maintain transparent public policy tools that support cost-benefit accounting.
The Bangladesh central bank has a long tradition of favouring socially sustainable financing behavior. It was thus natural to extend its mission to the question of climate change mitigation and adaptation investments, both internally and externally in the global financial system.
Billet du 18 septembre 2015 Par Michel Aglietta, Etienne Espagne
We draw six political economy lessons from the actual dynamics of climate negotiations and their connection to the new macroeconomic normal emerging in the aftermath of the 2008 crisis. A specific proposal follows.
Billet du 17 septembre 2015 Par Etienne Espagne, Baptiste Perrissin Fabert
France Stratégie et le CEPII ont décidé de lancer un espace de débats afin de soutenir et de diffuser les échanges entre spécialistes et non-spécialistes sur les mérites et les limites des différentes propositions et initiatives dans le champ de la finance internationale. Elle doit devenir un lieu où le débat sur la contribution du système financier à la transition énergétique peut se développer et s’enrichir des contributions du plus grand nombre.
Écologistes et défenseurs du libre-échange s’affrontent régulièrement sur les conséquences environnementales de la libéralisation commerciale. L’exemple chinois constitue un cas d’école : son insertion dans le commerce international s’est accompagnée d’une exacerbation des problèmes de pollution.