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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 ...
How much finance is in climate finance? A bibliometric review, critiques, and future research directions
This study describes and analyses the research hotspots and evolution trends in climate finance research. Seven literature clusters that elucidate how different perspectives constitute the research landscape in climate finance and two main research hotspots that form the climate finance domain are identified. The empirical results also show that the research priorities of climate finance are still...
What do you think about climate finance?
We survey 861 finance academics, professionals, and public sector regulators and policy economists about climate finance topics. They identify regulatory risk as the top climate risk to businesses and investors over the next five years, but they view physical risk as the top risk over the next 30 years. By an overwhelming margin, respondents believe that asset prices underestimate climate risks ra...
Climate Finance: Key Issues
The chapter describes what climate finance is, how it over the past ten years has increased in importance both within climate negotiations and in the implementation of climate policies, and the key issues of contestation in this regard. The chapter includes an outline of the cognitive debate regarding what kinds of financial flows can be defined as climate finance, followed by a discussion of the ...