Macroeconomic-Financial Policies and Climate Change Nexus: Theory & Practices

Muhammad Azam, Ahmed Hunjra () and Dilvin Taskin ()
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Muhammad Azam: Ghazi University
Dilvin Taskin: Yaşar University

Chapter Chapter 3 in Crises and Uncertainty in the Economy, 2022, pp 51-69 from Springer

Abstract: Abstract This chapter identifies the role of macroeconomic and financial policies in climate change mitigation in developing economies. The developing economies are continuously facing macroeconomic and financial stabilization policy issues, while the financial structure and new green investment projects are in close alignment with climate change mitigation. Our study provides useful insights, such as monetary policy stabilization and fiscal policy stabilization can be leveraged to cover green financing gaps and can also be used to overcome climate change issues. However, although these macroeconomic financial stabilization rules, financial structure problems in several developing countries from various parts of regions have been remained persistent over the years and these financial structure issues require attention and seem difficult to be solved. The chapter contributes to the extant literature by providing some important insights through underpinnings and the empirical evidence focus on developing economies. We think that such important insights would guide the financial sector and regulators for green policy adaptation, especially in developing economies.

Keywords: Idiosyncratic factors; Climate change; Macroeconomic and financial policies; Green policy adaptation (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-3296-0_3

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DOI: 10.1007/978-981-19-3296-0_3

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