Wednesday, December 4, 2019

Climate Change Economics and Finance

The latest IMF Finance & Development focuses on the economics of climate change. I feared it would be a forgettable collection of green-washed puff pieces, but fortunately I was wrong. There's actually a lot of insightful material, and of course a lot to discuss and debate, and it's an easy and enjoyable read. Thanks to Raham Kanani at the IMF for alerting me.

FEATURED ARTICLES:
  • The Adaptive Age: No institution or individual can stand on the sidelines in the fight against climate change // by Kristalina Georgieva
  • The Greatest Balancing Act: When it comes to sustaining the vital symbiosis between the economic and the natural world, we all can do more // by David Attenborough and Christine Lagarde
  • Carbon Calculus: For deep greenhouse gas emission reductions, a long-term perspective on costs is essential // by Kenneth Gillingham
  • Fifty Shades of Green: The world needs a new, sustainable financial system to stop runaway climate change // by Mark Carney
  • Putting a Price on Pollution: Carbon pricing strategies could hold the key to meeting the world’s climate stabilization goals // by Ian Parry
  • Investing in Resilience: Disaster-prone countries are strengthening their ability to withstand climate events // by Bob Simison
  • Climate Change and Financial Risk: Central banks and financial regulators are starting to factor in climate change // by Pierpaolo Grippa, Jochen Schmittmann, and Felix Suntheim         
  • Reaping What We Sow: Smart changes to how we farm and eat can have a huge impact on our planet // by Nicoletta Batini                
  • A Greener Future for Finance: The successes and challenges of green bonds offer lessons for sustainable finance // by Afsaneh Beschloss and Mina Mashayekhi

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