Außenansicht des D5 Gebäudes

Climate Economics and Finance

Der Inhalt dieser Seite ist aktuell nur auf Englisch verfügbar.

The research group on Climate Economics and Finance studies the dynamic interactions between socio-economic systems and climate sustainability, with a special focus on risk and finance.

Modelling

We develop macroeconomic modelling (CGE, SFC and ABM) to address research questions linked to climate mitigation/adaptation strategies and their social, economic and financial implications. Recent outputs include:

  • ‘Climate financial bubbles. How market sentiments shape the transition to low-carbon capital’, MacroEconomic Dynamics, R&R (link)

  • ‘The EIRIN flow-of-funds behavioural model of green fiscal policies and green sovereign bonds’, Ecological Economics (link)

  • ‘Deep Impact: Geo-Simulations as a Policy Toolkit for Natural Disasters’. World Development 99: 395-418 (link)

Empirical

We develop empirical work exploring the links between climate, finance and the transition to a low-carbon economy, with a particular focus on climate-related financial risks and portfolio assessment. Recent outputs include:

  • ‘Networks of stranded assets: A case for a balance sheet approach’, AFD Research Papers 2017-54 (link)

  • ‘Vulnerable yet relevant: the two dimensions of climate-related financial disclosure’, Climatic Change, forthcoming (link)

  • ‘The climate impact of quantitative easing’, Grantham Research Institute Policy Report (link)

  • ‘Fifty shades of green: Revisiting decoupling by economic sectors and air pollutants’, Ecological Economics 133: 111-126 (link)

  • ‘A climate stress-test of the financial system’, Nature Climate Change 7:283-288 (link)

Policy

We analyze and propose policies aimed at understanding the roles and limits of socio-economic and financial systems in shaping climate objectives and the Sustainable Development Goals (SDGs). Recent outputs include:

  • 'Finance and climate change: What role for central banks and financial regulators?’, Nature Climate Change, under review (link)

  • ‘The tightening links between financial systems and environmental issues’, in ‘Economic policies since the Global Financial Crisis’, Palgrave Macmillan, 313-356 (link)

  • ‘Opportunities for knowledge co-production across the energy-food-water nexus: Making interdisciplinary approaches work for better climate decision making’, Environmental Science & Policy (link)

  • ‘Identifying the policy space for climate loss and damage’, Science 354: 290-292 (link)

  • ‘Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy’, Ecological Economics 121: 220-230 (link)

Emanuele CAMPIGLIO
Emanuele CAMPIGLIO

Research Group Leader