Clean energy’s material dependencies
Hugh Miller (OECD) has selected the most recent literature looking at the consequences of a low-carbon global economy for mineral mining.
Efficient pricing of past and future CO2
Derek Lemoine (University of Arizona) introduces a novel market-based instrument that simultaneously measures and controls climate damages.
Biodiversity-adjusted sovereign credit ratings
Patrycja Klusak (Norwich Business School), highlights recent research that aims to adjust sovereign credit scores for the impact of biodiversity risks.
Judge progress at COP27 against the demands of the science
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.
Frontiers of climate and nature in macroeconomics and finance
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 Risks in Financial Markets
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.
Making sense of corporate climate disclosures
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.
Likely emissions pathways in the 21st century
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.
The impact of climate change on price stability
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.
Heterogeneous expectations and climate change
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.
