We investigate the impact of expectations about future climate policy on investment decisions of fossil fuel firms. Our empirical analysis reveals that firms with greater exposure to climate change significantly increased their investment in response to the Paris Agreement, in contrast to firms...

What are the real and nominal implications of a green transition to a state with sustainable energy production, and how should monetary policy react during such transition? Using a New-Keynesian model with an energy and a goods sector, we show that a green transition requires the relative price...

In the European summer of 2027, the world faces a threat, not only to human health but also to biological diversity and food security. An alarming scenario is emerging: The rapidly thawing permafrost in the Russian tundra has released an unknown form of anthrax that is primarily transmitted by...

PART I: GENERAL ASPECTS -- Chapter 1: Sustainable Finance in Europe: Setting the Scene -- Chapter 2: The European Commission’s Sustainable Finance Action Plan and Other International Initiatives -- Chapter 3: Sustainable Digital Finance and the Pursuit of Environmental Sustainability -- PART...

The complex web of challenges confronting humanity - climate change, pandemics, economic inequality, and violent conflict - demands a robust global governance system. However, the current architecture, centred on the United Nations, is widely considered inadequate. This document delves into this...