Novel ideas how to spend climate finance in a way that reduces emissions and at the same time promotes recipients’ immediate development objectives are required. In this short commentary, we propose to regard climate finance in the broader context of sustainable development. From this perspective, climate finance would enable recipient countries to combine the efficiency of emission pricing policies with the pursuit of their pressing development objectives, most importantly poverty reduction. More...

Par Michel Aglietta, Vincent Aussilloux, Étienne Espagne et Baptiste Perrissin-Fabert - This year, Europe is confronted with a critical double challenge: addressing the climate change issue and pulling itself out of a persistent low growth trap. Today these two challenges are addressed separately. We propose to make private low-carbon assets eligible for the ECB asset purchase program. More...

By Christian de Perthuis and Pierre-André Jouvet - A mechanism of carbon “bonus-malus” is proposed, where the average emission rate of world countries serves as the anchor: above the threshold, countries should pay a malus, under this level, they would receive a bonus. More...

Quantitative Easing (QE) is back on the global economic and political agenda. The growing threat of deflation has meant that Japan has reintroduced QE, and the European Central Bank has begun its own programme to deal with the serious economic problems of the Eurozone. More...

By Pierre Monnin (CEP, Zurich) - Low interest rates tend to favor ‘green technologies’ competitiveness while also increasing their cost volatility. More...

By Jean Pisani-Ferry - Most people hate finance, viewing it as the epitome of irresponsibility and greed. But, even after causing a once-in-a-century recession and unemployment for millions, finance looks indispensable for preventing an even worse catastrophe: climate change. More...

By Dipak Dasgupta (Board Member of Global Climate Fun, India) - This paper seeks to bring a historical perspective to current global financial architecture issues on the speed and scale of climate finance needed to achieve a safer two degrees world. We look back in history to a similar episode for lessons: the financing and building of railroads in the 19th century. More...

The aim of this webpage, co-hosted by France Stratégie and CEPII, is to provide a medium for experts and non-experts to discuss the merits and the limits of the various proposals and initiatives in the field of international finance. It is intended to become a forum where the debate on the financial system’s contribution to the energy transition can flourish. More...

By Rens van Tilburg (Utrecht University) - Financial shocks can originate from ecological imbalances what justifies more careful attention by the financial regulators to this specific risk. A new macroprudential framework is proposed. More...

Alfredo Sirkis (Centro Brasil no Clima) - This article is part of a special series discussing the economic dimensions of environmental issues ahead of the COP 21 Climate change Conference held in Paris on 30 November-11 December 2015. More...