HOW TO SENSITIZE THE FINANCIAL INDUSTRY TO RESOURCE EFFICIENCY CONSIDERATIONS AND CLIMATE CHANGE RELATED RISKS

Mathias Onischka, Christa Liedtke and Nino David Jordan ()
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Mathias Onischka: Sustainable Production and Consumption Department, Wuppertal Institute for Climate, Environment, Energy, Döppersberg 19, 42103 Wuppertal, Germany
Christa Liedtke: Sustainable Production and Consumption Department, Wuppertal Institute for Climate, Environment, Energy, Döppersberg 19, 42103 Wuppertal, Germany
Nino David Jordan: Sustainable Production and Consumption Department, Wuppertal Institute for Climate, Environment, Energy, Döppersberg 19, 42103 Wuppertal, Germany

Journal of Environmental Assessment Policy and Management (JEAPM), 2012, vol. 14, issue 03, 1-26

Abstract: Increasing resource efficiency can potentially deliver important economic and environmental benefits. Many of these benefits are regularly foregone because the financial sector's capacity to adequately take the opportunities and risks arising from resource utilization and related climate change aspects into account has so far remained relatively undeveloped. Focusing on the case of Germany, a number of barriers to the inclusion of resource efficiency and climate change aspects into financial services' considerations are presented. Corresponding measures for improving the capacity of the financial sector to better integrate resource efficiency considerations and climate change related risks into its operating procedures are introduced. The measures encompass the areas of risk controlling, company reporting, institutional reporting requirements, as well as additional supporting measures.

Keywords: Resource efficiency; climate change; financial; risk controlling; reporting requirements; policy (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1142/S1464333212500172

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