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Climate Finance
We estimate the supply side effect of climate change on firm sales by exploiting variation in local temperature across suppliers of the same client. We find that suppliers experiencing a 1 °C increase in average daily temperature decrease their sales by 2%. In addition, extreme hot and cold weather events lead to larger drops in sales. The effect is more pronounced among suppliers in manufacturing...
Climate Change and Climate Finance: Current Experience and Future Directions
It assesses the issue of climate justice, considers the impact of “greenwashing,” and looks at ways investors can evaluate ESG considerations. It outlines the corporate and economic risks of climate change alongside the response from central banks. It shows that policy guidance, increased transparency, and information sharing is central for the private sector to make progress towards tackling clim...
Climate Finance Landscape of Asia and the Pacific
This report assesses climate finance in Asia and the Pacific and analyzes how it can be harnessed by developing member countries to expand climate action and spur low-carbon, resilient growth.
The Evolving Academic Field of Climate Finance
The urgency and the magnitude of climate change will affect every aspect of our economies, societies, and planet. The academic finance research has begun to study the financial implications of global warming, although this body of literature is small. The literature exhibits distinct geographic tilts in terms of research preferences, draws young researchers, and much remains outside of the traditi...
Finance for climate action: scaling up investment for climate and development
A critical moment for climate action Our world is in peril: the climate crisis is accelerating. Current action is too weak and too slow; to delay is dangerous. This is also a moment of great opportunity. One path leads to attractive growth and development, the other to destruction, catastrophe and loss of lives and livelihoods on a massive scale, especially for the vulnerable. As shown by each s...
2021 Joint Report on Multilateral Development Banks’ Climate Finance
The 11th edition of the Joint Report on Multilateral Development Banks’ Climate Finance is an overview of climate finance committed in 2021 by the African Development Bank (AfDB), the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Inter-American Development Bank Grou...
The Chequered History of Climate Finance
Because it is the largest and most urgent crisis facing humanity, it is appropriate that climate change—and how to finance our response—has its own chapter in a book on sustainable finance. Here we consider what climate justice can tell us about how the balance of investment should be shared between the countries that have exploited fossil resources to grow rich and those that have fewer resources...
Climate Finance: A Systematic Literature Review
Climate finance has a significant role in sustainable economy. in this systematic review, eighty journal articles related to climate finance of the last two decades (1999–2019) had been reviewed from the sources of Web of Science and Scopus. This review had selectively categorised the existing literature on climate finance into three broad issues, that is, donor-related issues, and recipient relat...
A Review of the Global Climate Finance Literature
This study conducts a bibliometric analysis and literature review of studies on climate finance. Since the Paris Agreement was adopted in December 2015, the academic community has paid closer attention to this emerging topic, as witnessed by a sharp increase in the number of publications. Our review lists this field’s most influential publications, authors, and journals, based on citations. The bi...
The finance of climate change
Global warming is the defining challenge of our times. An emerging literature is investigating the interactions between climate change and financial markets. Climate finance is studying the pricing of climate risks across asset classes and the ways to channel public and private capital towards climate mitigation and adaptation investments. In 2019, the Journal of Corporate Finance launched a call ...