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Green finance : regulation and instruments

Martin, Vesna - In: Journal of central banking theory and practice 12 (2023) 2, pp. 185-209

Green finance is the basis for the development of sustain-able financing of environmental projects with the aim of respectingenvironmental and social aspects in making investment decisions.The development of green finance enables a green transition towardseconomic growth that will be sustainable...

Persistent link: https://www.econbiz.de/10014316674

Demographic Change, Carbon Convergence and Climate Policy

Liu, Weifeng - 2020

Per capita carbon emissions are an important concept in international negotiations of climate policies and also in future projections of aggregate carbon emissions. This paper argues that the convergence studies on per capita carbon emissions in the literature are theoretically biased because...

Persistent link: https://www.econbiz.de/10012836926

Individualism and Climate Change Policies : International Evidence

Vu, Trung V. - 2020

of climate change policies across the world. I postulate that individualistic societies are endowed with a better … tested using data for a world sample of up to 92 countries. To achieve causal inference, I isolate exogenous sources of … for unobserved country-specific factors, I perform subnational analyses using data from the World Values Survey. The …

Persistent link: https://www.econbiz.de/10012840385

To build or not to build? : capital stocks and climate policy

Baldwin, Elizabeth; Cai, Yongyang; Kuralbaeva, Karlygash Z. - 2018

We investigate how irreversibility in "dirty" and "clean" capital stocks affects optimal climate policy, from both theoretical and numerical perspectives. An increasing carbon tax will reduce investments in assets that pollute, and so reduce emissions in the short term: our "irreversibility...

Persistent link: https://www.econbiz.de/10011794242

Climate Change Mitigation and Green Growth in Developing Asia

Howes, Stephen - 2014

Developing Asia is the driver of today's emissions intensive global economy. As the principle source of future emissions, the region is critical to the task of global climate change mitigation. Reflecting this global reality and a range of related domestic issues, the governments of the People's...

Persistent link: https://www.econbiz.de/10013065846

Oil trade and climate policy : presented at CESifo Area Conference on Energy and Climate Economics, October 2014

Curuk, Malik; Sen, Suphi - 2015

It has been argued that a depletable resource owner might optimally increase near-term supply in response to environmental policies promoting the development of alternative resources, which might render climate policy ineffective or even counterproductive. This paper empirically confirms this...

Persistent link: https://www.econbiz.de/10010498602

COVID-19 and EU climate targets: going further with less?

Meles, Tensay Hadush; Ryan, Lisa; Wheatley, Joe - 2020

The COVID-19 crisis comes at a complex moment for European climate policy as it pivots from a 40% 2030 emissions reduction target to a European Green Deal that is in better alignment with long-term Paris Agreement goals. Here, the implications of the dramatic fall in economic output associated...

Persistent link: https://www.econbiz.de/10012221290

Mitigating Climate Change : Growth-Friendly Policies to Achieve Net Zero Emissions by 2050

Jaumotte, Florence; Liu, Weifeng; McKibbin, Warwick - 2022

Background paper prepared for the October 2020 IMF World Economic Outlook. This paper provides a detailed presentation … of the simulation results from the October 2020 IMF World Economic Outlook chapter 3 and an additional scenario with …

Persistent link: https://www.econbiz.de/10013306768

Energy efficiency and directed technical change : implications for climate change mitigation

Casey, Gregory - 2022

I build a quantitative model of economic growth that can be used to evaluate the impact of environmental policy interventions on ﬁnal-use energy consumption, an important driver of carbon emissions. In the model, energy demand is driven by directed technical change. Energy supply is subject to...

Persistent link: https://www.econbiz.de/10012817938

Understanding climate damages : consumption versus investment

Casey, Gregory; Fried, Stephie; Gibson, Matthew - 2021

Existing climate-economy models use aggregate damage functions to model the effects of climate change. This approach assumes climate change has equal impacts on the productivity of firms that produce consumption and investment goods or services. We show the split between damage to consumption...

Persistent link: https://www.econbiz.de/10012796993