Economics at your fingertips  

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

Irene Monasterolo

CESifo Forum, 2020, vol. 21, issue 04, 25-32

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.

Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... ange-november%20.pdf (application/pdf)

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:

Access Statistics for this article

CESifo Forum is currently edited by Chang Woon Nam

More articles in CESifo Forum from ifo Institute - Leibniz Institute for Economic Research at the University of Munich Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().

Page updated 2021-02-06
Handle: RePEc:ces:ifofor:v:21:y:2020:i:04:p:25-32