Arbeitspapier | Working paper

Financing Climate-Resilient Infrastructure: A Political-Economy Framework

Urban infrastructure investment is needed for both, mitigation of climate risks and improved urban resiliency. Financing them requires the translation of those benefits into measurable returns on investment in the context of emerging risks that capital markets can understand and appreciate. This paper develops a generic framework to identify what are the necessary and sufficient factors to economically favor climate-change resilient infrastructure in private investment decisions. We specifically demonstrate that carbon pricing alone will not generate the needed will, because market prices at present systematically fail to account for climate change risks such as the costs of stranded assets and the national and local co-benefits of investments in climate resiliency. Carbon pricing is necessary, but not sufficient for an enhanced private financing of climate-resilient infrastructure. The Paris Agreement and other supra-local policies and actors including city networks can concretely help to generate the sufficient social and political will for investments into climate change mitigation and resiliency at the city level.

ISSN
1436-140X
Umfang
Seite(n): 17
Sprache
Englisch
Anmerkungen
Status: Veröffentlichungsversion

Erschienen in
UFZ Discussion Papers (1/2019)

Thema
Politikwissenschaft
Ökologie
spezielle Ressortpolitik
Ökologie und Umwelt
Klimawandel
Klimaschutz
Infrastruktur
Privatinvestition
nachhaltige Entwicklung
erneuerbare Energie
Emissionshandel
Energieversorgung
Stadtentwicklung

Ereignis
Geistige Schöpfung
(wer)
Meyer, Peter B.
Schwarze, Reimund
Ereignis
Veröffentlichung
(wer)
Helmholtz-Zentrum für Umweltforschung - UFZ
(wo)
Deutschland, Leipzig
(wann)
2019

URN
urn:nbn:de:0168-ssoar-61180-4
Rechteinformation
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
Letzte Aktualisierung
21.06.2024, 16:26 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Meyer, Peter B.
  • Schwarze, Reimund
  • Helmholtz-Zentrum für Umweltforschung - UFZ

Entstanden

  • 2019

Ähnliche Objekte (12)