The climate and biodiversity emergencies require structural economic shifts that will necessitate strategic coordination between macroeconomic policy authorities. The Covid-19 episode saw the implementation of monetary-fiscal policy coordination not seen since the 1970s to avert catastrophic...

The issue of biodiversity has entered the sphere of finance very recently, precipitating the confrontation of two divergent universes. Such a marriage of the living world and its natural complexity with the area of numbers, money and ‘rational’ economic agent decision is indeed not...

French abstract: Devant l'objectif d'une économie mondiale neutre en carbone en 2050, le système financier doit être mobilisé dans toute sa capacité afin de financer une véritable révolution socioéconomique et industrielle. C'est dans ce contexte que de nombreuses initiatives...

This paper examines the emergent role of sustainable finance and investment in Japan and scrutinizes the need for the Japanese financial system to mitigate growing climate risks and support the transition of the Japanese economy to a low-carbon, sustainable pathway. It first illustrates Japan's...

Climate-related financial risks (CRFR) are now recognised by central banks and supervisors as material to their financial stability mandates. But while CRFR are considered to have some unique characteristics, the emerging policy agenda for dealing with them has largely focused on conventional...

This paper examines the emergent role of sustainable finance and investment in Japan and scrutinizes the need for the Japanese financial system to mitigate growing climate risks and support the transition of the Japanese economy to a low-carbon, sustainable pathway. It first illustrates Japan's...

• The financial system is not structurally well equipped to address long-term global public goods issues like planetary health. Relying on the financial system to solve planetary health is therefore challenging.• Planetary health finance should shift current global investment flows towards...

In this paper, we argue that current finance, and the prevailing fair value accounting system, is disconnected from companies and from strong sustainability requirements, making it difficult to develop a climate finance system that is operational and aligned with the challenges of climate...

This paper is an introduction to climate change risk for the financial sector (banks and investors). We propose to cover how it emerged, what it means for financial institutions, what are the specific types of approaches to address it as well as current related developments in the industry, how...