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Climate change and its mitigation has become one of the most pressing challenges facing our societies. Shocks and phenomena related to climate change cause important economic losses due to damages to property infrastructure, disruptions to supply chains, lower productivity, and migration. Climate Economics and Finance offers a comprehensive analysis of how climate change impacts the economy and financial systems. Focusing on the monetary and financial implications of climate change, it addresses critical yet often overlooked areas such as greenflation, public and private financing of the transition process, and the challenges faced by central banks and supervisors in preventing and managing associated risks. It delves into the challenges that emerging and developing economies face in accessing climate finance, highlighting innovative financial and de-risking solutions. Synthesizing state-of-the-art research and ongoing policy discussions, this book offers a clear and accessible entry point into the intersection of climate and finance.
List of contents
1. Climate change and its economic impacts; 2. The economics of climate change mitigation; 3. The macroeconomic effects of mitigation policies; 4. Introduction to climate finance and main instruments; 5. Central banks and climate change - risks to price stability; 6. Risks to financial stability and prudential policy; 7. Main Climate Finance Challenges in EMDEs and Ways to Overcome Them.
About the author
Stéphane Dees is Head of the Climate Economics Unit at the Banque de France and Associate Professor at the Bordeaux School of Economics. He spent a majority of his career at the European Central Bank. His research, which has been published in top academic journals, covers various topics in financial and international macroeconomics, financial stability and climate change.Selin Ozyurt is a climate and country risk economist at the Research Department of the International Financial Corporation. She holds a Ph.D. from the University of Paris Dauphine and has lectured at top universities and published extensively on trade spillovers and climate change. Selin's insights are featured in leading academic journals, media outlets, and her online platforms.
