Hugh Miller (OECD) has selected the most recent literature looking at the consequences of a low-carbon global economy for mineral mining.
Derek Lemoine (University of Arizona) introduces a novel market-based instrument that simultaneously measures and controls climate damages.
Patrycja Klusak (Norwich Business School), highlights recent research that aims to adjust sovereign credit scores for the impact of biodiversity risks.
The demand for ‘loss and damage’ finance by vulnerable developing countries is growing. This demand featured heavily at the recent COP27. Danae Kyriakopoulou (LSE Grantham Institute) shares her thoughts on its successes and failures.
The macroeconomic challenges from climate and nature change are constantly becoming more prevalent. At a conference hosted by the Banque de France on October 24-25, 2022, early career researchers presented cutting-edge analysis and policy solutions to tackle these challenges. This digests highlights important moments of this conference.
Climate change has a destabilizing effect on financial markets. If market actors become overexposed to climate-sensitive assets, the ensuing market failure provides justification for central bank intervention to prevent cascading financial effects.
Julia Bingler (CEP) has chosen the latest research aiming to improve corporate disclosures on their exposure to transition risks. Climate disclosures, she argues, can be a potent signal to investors only if they are available, understandable and properly processed.
Frances Moore (UC Davis) has selected recent research that attempts to estimate the likelihood of different greenhouse gas emission pathways. Such estimates must take the socio-political-technical processes that influence emission pathways into account.
To secure price stability and fulfill their primary mandate, policymakers should act promptly: interest rate management, expectation anchoring, financial stabilization, cooperation with fiscal authorities are just some of the tools at their disposal.
Francesca Diluiso (Bank of England) has selected some recent research on how to incorporate heterogeneous expectations in models that evaluate effects of climate policies on the macroeconomy.