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

Publikation: Wissenschaftliche FachzeitschriftOriginalbeitrag in FachzeitschriftBegutachtung


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.
Seiten (von - bis)25 - 33
FachzeitschriftCESifo Forum
PublikationsstatusVeröffentlicht - 2020