Under plausible circumstances, global warming forces the private sector to leverage in order to compensate for output and capital losses; the private debt overhang may eventually induce a global financial breakdown, even before climate change could cause serious damage to the production sector.
Coping with collapse: A stock-flow consistent monetary macrodynamics of global warming
Authors: Gaël Giraud, Florent Mc Isaac, Emmanuel Bovari
From: Université Paris 1 – Panthéon-Sorbonne
The carbon-intensive skew of these [QE] purchases raises concerns of disproportionately increasing prices and encouraging additional debt issuance in high-carbon relative to low-carbon sectors.
The climate impact of quantitative easing
Authors: Sini Matikainen, Emanuele Campiglio, Dimitri Zenghelis
From: LSE
Combining recently developed theoretical results with empirical evidence we show that more equal societies have a higher valuation for environmental public goods and that non-market benefits of environmental policy accrue over-proportionally to poorer households.
Economic Inequality and the Value of Nature
Authors: Moritz A. Druppa, Jasper N. Meyab, Stefan Baumgärtnerd, Martin F. Quaas
From: University of Kiel – University of Oldenburg – Humboldt-Universität – University of Freiburg
