Does the world economy need to grow less in order to reach net zero in 2050? A lively debate!

As COP26 (UN Climate Change Conference) is approaching a look at previous international agreements, their impact on Greenhouse-gas emissions and the national economies.

Does climate risk affect housing prices?  Is the risk of mortgage defaults due to climate change borne by lenders?

Can global carbon prices be effectively designed? What issues need to be addressed? Two new research papers.

Very interesting research on whether money or prosocial attitudes motivate green innovators.

Do green bonds lead to lower carbon emissions?

New research on which firms contribute to green innovation. Are ESG based policies more effective than reward-based incentives?

Do investors care about carbon risk?  Do ESG investments have an impact on society? Should firms maximize wealth or welfare?

Market neutrality may not be an appropriate benchmark for the ECB’s asset purchase program in the face of climate change.

Has the impact of COVID on low income developing countries been exaggerated? What implications on these countries that are also highly vulnerable to climate change?