Embedding Finance in the Macroeconomics of Climate Change: Research Challenges and Opportunities Ahead

Artikel

The role of finance in the low-carbon transition, as well as the deep uncertainty and endogeneity of climate finance risk, are currently neglected by climate economic models. This leads to a false sense of control in terms of risks and opportunities associated with the low-carbon transition. Further, it prevents people from understanding under which conditions climate policies and finance could be a driver or a barrier. Recent research has started to shed light on how climate economic and financial risk modeling could embrace this complexity.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: CESifo Forum ; ISSN: 2190-717X ; Volume: 21 ; Year: 2020 ; Issue: 04 ; Pages: 25-32 ; München: ifo Institut - Leibniz-Institut für Wirtschaftsforschung an der Universität München

Classification and Topics

• Classification: Wirtschaft

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Monasterolo, Irene
• Event: Veröffentlichung
• (who): ifo Institut - Leibniz-Institut für Wirtschaftsforschung an der Universität München
• (where): München
• (when): 2020

Further information

• Handle: http://hdl.handle.net/10419/232375
• Last update: 10.03.2025, 11:45 AM CET