Green Finance最新文献_第7页

Climate change litigation as financial risk 气候变化诉讼作为金融风险

IF 8.6

Green Finance Pub Date : 2020-10-22 DOI: 10.3934/gf.2020019

J. Solana

{"title":"Climate change litigation as financial risk","authors":"J. Solana","doi":"10.3934/gf.2020019","DOIUrl":"https://doi.org/10.3934/gf.2020019","url":null,"abstract":"Climate change litigation has been increasing rapidly and steadily for the past ten years, yet our understanding of the costs associated with this litigation are still very poor: policy frameworks are too shallow, estimations of these costs in the private sector are scarce and simplistic, and the academic literature on this issue is still very incipient and has a very fragmented focus. This essay provides a comprehensive analysis of the different types of costs that can arise from climate change litigation. Financial institutions provide an ideal focal point for this analysis because their role as enablers of some of the activities that contribute to aggravate the climate emergency make their exposure to the risk of climate change litigation unique and complex: they can be directly exposed to the risk of litigation as potential defendants in a case, facing potential pay-outs and fines, legal and administrative costs, insurance costs, financing costs, and reputational costs; but they can also be exposed indirectly, through litigation that targets their counterparties, especially their clients, which can lead to losses if the client’s solvency is affected, and can impose additional reputational costs. This typology, as well as the exploration of several methodological challenges, can support the incipient efforts to estimate the costs of climate change litigation for financial institutions that we observe among financial supervisors, credit rating agencies, and financial institutions themselves. It can also help guide attempts to estimate these costs in other industries that are particularly vulnerable to climate change litigation.","PeriodicalId":41466,"journal":{"name":"Green Finance","volume":null,"pages":null},"PeriodicalIF":8.6,"publicationDate":"2020-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46298239","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 9

Grüne Marktteilnehmer 绿色市场参与者

IF 8.6

Green Finance Pub Date : 2020-01-01 DOI: 10.1007/978-3-658-28991-1_9

Hans-Werner Grunow, Christoph Zender

引用次数: 0

Economic, ecological and social benefits through redistributing revenues from increased mineral oil taxation in Austria: A triple dividend 通过重新分配奥地利增加的矿物油税收带来的经济、生态和社会效益：三重红利

IF 8.6

Green Finance Pub Date : 2019-12-18 DOI: 10.3934/gf.2019.4.442

Sebastian Goers, F. Schneider

{"title":"Economic, ecological and social benefits through redistributing revenues from increased mineral oil taxation in Austria: A triple dividend","authors":"Sebastian Goers, F. Schneider","doi":"10.3934/gf.2019.4.442","DOIUrl":"https://doi.org/10.3934/gf.2019.4.442","url":null,"abstract":"To meet the future energy and climate targets in 2030 and 2050 in Austria, it is absolutely necessary to apply extensive measures to reduce the use of fossil fuels. By then, Austria will have to realize a 36% decrease (from 2005 levels) for emission sources outside the European Emission Trading System. The transport sector is a key driver of recently increasing greenhouse gas emissions in Austria. Hence, we examine the macroeconomic and ecologic impacts of an environmental tax reform in Austria from 2020 to 2030. We implement a revenue-neutral tax reform that raises revenues via an increase of the mineral oil tax on diesel and petrol consumption and redistributes these fiscal revenues to the industry and households. In addition, increased fossil fuel taxing would enhance revenues for green investments in e-mobility and thermal refurbishment that stimulate the Austrian economy. The simulation analyses focus on central macroeconomic variables as gross domestic product, employment, investment and private consumption and carbon dioxide emissions. We find that the proposed environmental tax reform generates a triple dividend, leading simultaneously to economic growth and the reduction of greenhouse gas emissions while low-income households can be fully compensated.","PeriodicalId":41466,"journal":{"name":"Green Finance","volume":null,"pages":null},"PeriodicalIF":8.6,"publicationDate":"2019-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49505038","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Host country characteristics attracting climate projects through public-private partnerships 东道国特点通过公私伙伴关系吸引气候项目

IF 8.6

Green Finance Pub Date : 2019-12-08 DOI: 10.3934/gf.2019.4.405

N. Haque, Sungida Rashid

{"title":"Host country characteristics attracting climate projects through public-private partnerships","authors":"N. Haque, Sungida Rashid","doi":"10.3934/gf.2019.4.405","DOIUrl":"https://doi.org/10.3934/gf.2019.4.405","url":null,"abstract":"Climate technology transfer to developing countries face a range of challenges stemming from the capacity of destination or host countries. Access to finance has been identified as a major barrier in academic literature as well as by the donor community, and efforts were made to not only fill some of the gap, but also to reduce local hurdles and usher in private sector investments. This latter phenomenon has not gained similar scrutiny as projects under carbon finance schemes or technical assistance projects of international development organizations. This paper offers an outcome evaluation of a public-private partnership as it relates to climate finance & technology investment in developing countries. The analysis focused on the activities of Private Financing Advisory Network (PFAN), which works through open solicitation of projects sought from developing countries. Therefore, it would be expected that some countries are better equipped to attract investments than others. Using cross-sectional country characteristics data, negative binomial regression was used to associate the characteristics with the count of projects in host countries. Results show that key characteristics associated with the respective number of projects are the size of the market, and a composite score measuring health of the financial sector in host countries. It reaffirms the pattern that private-sector driven initiatives tends to tilt towards destination where the returns of investments are greatest, or the risks of investments are lower. The findings highlight the question of additionality of climate technology investments, and whether the public-private partnership address the barrier of access to finance.","PeriodicalId":41466,"journal":{"name":"Green Finance","volume":null,"pages":null},"PeriodicalIF":8.6,"publicationDate":"2019-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70251691","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Stabilizing inflation expectations in China: Does economic policy uncertainty matter? 稳定中国通胀预期:经济政策的不确定性重要吗?

IF 8.6

Green Finance Pub Date : 2019-12-08 DOI: 10.3934/gf.2019.4.429

Siming Liu, Mengxin Wang, Y. Tan

引用次数: 5

Chinese financial cycle spillovers to developed countries 中国金融周期对发达国家的溢出效应

IF 8.6

Green Finance Pub Date : 2019-11-25 DOI: 10.3934/gf.2019.4.364

Tinghui Li, Junhao Zhong, Hai Zhang, P. Failler

引用次数: 1

Sustainable exchange rates in China: Is there the heterogeneous effect of economic policy uncertainty? 中国可持续汇率:是否存在经济政策不确定性的异质效应?