{"title":"Environmental responsibility and exposure of finance: Combining environmentally-extended input-output and balance sheet approaches","authors":"Paul Hadji-Lazaro","doi":"10.1016/j.ecolecon.2024.108466","DOIUrl":null,"url":null,"abstract":"<div><div>Finance both contributes to environmental degradation and is vulnerable to environmental degradation. This article sets the methodological groundwork for assessing both concerns in an integrated macroaccounting framework. It presents how the combination of environmentally extended Input-Output analysis and balance sheet methods and data can be used to evaluate the contribution of finance to environmental degradation (responsibility) and the vulnerability of finance to environmental risks (exposure). In doing so, the article contributes to the development of a disaggregated ecological macroeconomics integrating monetary and biophysical flows and stocks.</div></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":"228 ","pages":"Article 108466"},"PeriodicalIF":6.6000,"publicationDate":"2024-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Ecological Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S092180092400363X","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECOLOGY","Score":null,"Total":0}
引用次数: 0
Abstract
Finance both contributes to environmental degradation and is vulnerable to environmental degradation. This article sets the methodological groundwork for assessing both concerns in an integrated macroaccounting framework. It presents how the combination of environmentally extended Input-Output analysis and balance sheet methods and data can be used to evaluate the contribution of finance to environmental degradation (responsibility) and the vulnerability of finance to environmental risks (exposure). In doing so, the article contributes to the development of a disaggregated ecological macroeconomics integrating monetary and biophysical flows and stocks.
期刊介绍:
Ecological Economics is concerned with extending and integrating the understanding of the interfaces and interplay between "nature''s household" (ecosystems) and "humanity''s household" (the economy). Ecological economics is an interdisciplinary field defined by a set of concrete problems or challenges related to governing economic activity in a way that promotes human well-being, sustainability, and justice. The journal thus emphasizes critical work that draws on and integrates elements of ecological science, economics, and the analysis of values, behaviors, cultural practices, institutional structures, and societal dynamics. The journal is transdisciplinary in spirit and methodologically open, drawing on the insights offered by a variety of intellectual traditions, and appealing to a diverse readership.
Specific research areas covered include: valuation of natural resources, sustainable agriculture and development, ecologically integrated technology, integrated ecologic-economic modelling at scales from local to regional to global, implications of thermodynamics for economics and ecology, renewable resource management and conservation, critical assessments of the basic assumptions underlying current economic and ecological paradigms and the implications of alternative assumptions, economic and ecological consequences of genetically engineered organisms, and gene pool inventory and management, alternative principles for valuing natural wealth, integrating natural resources and environmental services into national income and wealth accounts, methods of implementing efficient environmental policies, case studies of economic-ecologic conflict or harmony, etc. New issues in this area are rapidly emerging and will find a ready forum in Ecological Economics.