44 results found
IMF   |  
Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature

Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments.

Category:  Helsinki Principle 4, Fiscal Instruments for Climate Policy, Macroeconomics of Climate Change, Climate Change Fiscal Risk Assessments and Management

UNEP   |  
Seed Capital Assistance Facility

Seed Capital Investment Facility (SCAF) mobilizes private investment in renewable energy projects and ventures in frontier markets. SCAF, a $19 million facility, works through private sector investment funds to support their engagement in early stage development and future financing of renewable energy projects and ventures.

 

 



Category:  Helsinki Principle 5, Climate Finance
EIB, UNEP   |  
Renewable Energy Performance Platform (REPP)

Renewable Energy Performance Platform (REPP) supports the growth of sub-Saharan Africa's renewable energy industry by mobilizing private investment in renewable energy. Supported by the EIB and UNEP, the REPP programme supports renewable energy projects in sub-Sahara Africa with early financing, i.e. development cost support, and early debt or equity capital. 



Category:  Helsinki Principle 5, Climate Finance
UNEP   |  
International Network of Financial Centres for Sustainability (FC4S)

The FC4S Network is structured as a partnership between financial centres and the United Nations Environment Programme, which acts as its Convenor and Secretariat. The objective of the network is to exchange experience and take common action on shared priorities to accelerate the expansion of green and sustainable finance. The long-term vision of the FC4S Network is rapid global growth of green and sustainable finance across the world’s financial centres, supported by strengthened international connectivity, and a framework for common approaches.



Category:  Helsinki Principle 5, Climate Finance
WBG   |  
State and Trends of Carbon Pricing 2019

The dangerous consequences of climate change are clearer than ever before. Yet, analyses indicate that countries’ implemented policies and Nationally

Category:  Fiscal Instruments for Climate Policy, Helsinki Principle 3, Climate Finance

Shifting Gears: How the world’s leading financial centres are entering a new phase of strategic action on green and sustainable finance
UNEP   |  
Shifting Gears: How the World’s Leading Financial Centres are Entering a New Phase of Strategic Action on Green and Sustainable Finance

The world’s financial centres are the locations where supply and demand for green and sustainable finance will be matched. This report presents the first findings from an in-depth assessment of actions in 13 of these hubs, all members of the International Network of Financial Centres for Sustainability (FC4S) across Africa, the Americas, Asia and Europe. The assessment reveals 10 key insights on how financial centres are mobilizing their expertise, connectivity and capital to help solve some of the world’s toughest financing challenges



Category:  Macroeconomics of Climate Change, Climate Finance
Islamic Green Finance
WBG   |  
Islamic Green Finance : Development, Ecosystem and Prospects

Islamic finance can be a catalyst for growth of green developments globally. Investors in Europe, Americas, Africa and Asia are witnessing the effects of non-sustainable investments on assets and portfolios that are exacerbating the climate change effects. This emerging trend provides greater opportunities for Islamic finance to attract a wider investor base and expand its role to support sustainable objectives of finance.

Category:  Climate Finance

WBG   |  
Climate Auctions: A Market-Based Approach to National Climate Action

Climate auctions—a 21st-century alternative— competitively allocate public funding to commercially developed mitigation projects, ensuring both transparency in selection processes and efficiency in leveraging investment. Climate auctions offer successful project developers and commercial entities a guaranteed price for verified emission reductions, which these entities can then use to raise additional finance.

Category:  Climate Finance

Bank of England   |  
Climate Change and the Macro-economy: A Critical Review.

Climatic factors can directly affect economic outcomes such as output, investment and productivity, and understanding the economic consequences of climate change is rapidly becoming a necessity not just for climate economists but also for a wider range of economic professionals involved in modelling and forecasting macroeconomic variables. The focus of this review is on the key theoretical and empirical modelling issues in the analysis of the macroeconomic risks deriving from climate change.

Category:  Macroeconomics of Climate Change

IMF   |  
The Effects of Weather Shocks on Economic Activity: What are the Channels of Impact?

Global temperatures have increased at an unprecedented pace in the past 40 years. This paper finds that increases in temperature have uneven macroeconomic effects, with adverse consequences concentrated in countries with hot climates, such as most low-income countries. In these countries, a rise in temperature lowers per capita output, in both the short and medium term, through a wide array of channels: reduced agricultural output, suppressed productivity of workers exposed to heat, slower investment, and poorer health.

Category:  Macroeconomics of Climate Change