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

Publikation: Wissenschaftliche FachzeitschriftOriginalbeitrag in FachzeitschriftBegutachtung

Abstract

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.
OriginalspracheEnglisch
Seiten (von - bis)25 - 33
FachzeitschriftCESifo Forum
Jahrgang4
PublikationsstatusVeröffentlicht - 2020

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