Les intermédiaires financiers publics face au changement climatique. Public financial intermediaries and climate change

Dominique Plihon and Sandra Rigot

Revue économique, 2022, vol. 73, issue 2, 243-266

Abstract: Public financial intermediaries (PFIs) play a strategic role in many countries for their ability to finance large, long-maturity projects that generate positive externalities. This article proposes a framework for analyzing these actors that goes beyond their usual justification in terms of market failures. It then presents a historical analysis and an original typology of PFIs?absent from the existing literature?that reveals their diversity and their respective advantages in the face of the energy transition. Finally, it provides an initial assessment of the policies of the leading European PFIs in the face of climate change, before proposing recommendations for improving their action.

Keywords: financial institutions; public banks; development banks; sovereign wealth funds; investment strategy; energy transition; green assets; financial economics; public policies (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=RECO_732_0243 (application/pdf)
http://www.cairn.info/revue-economique-2022-2-page-243.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:recosp:reco_732_0243

Access Statistics for this article

More articles in Revue économique from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().