The Climate Finance Project

This project aims to help future economic and political stakeholders understand some of the key issues regarding climate finance. It will focus on climate change’s financial impact, carbon risks, international financial institutions, capital markets’ climate-related investments, international financial governance institutions, fiscal and monetary climate policies, or monitoring systems for assessing climate-compatible investments.

Why this project?

Sufficient and sustainable flows of climate finance are crucial for enhancing climate action. By developing, implementing and maintaining strategic mitigation and adaptation activities, climate-friendly investments can keep us on a trajectory compatible with the objective of limiting global warming well below 2°C above pre-industrials levels. These flows of finance yield important co-benefits for the environment and human well-being.

Within the UNFCCC, Parties have committed so far to provide USD 100 billion per year by 2020 to help developing countries implement adaptation and mitigation practices, and more widely implement low-carbon climate-resilient (LCCR) development strategies. However, besides these international political signals, the main part of the transition will come from domestic financial flows: the so-called shift “from billions to trillions”; a transition in which all financial actors, from public to private, from local authorities to businesses and private sector have to take part.

With the long-term signals for a low-carbon world that have been sent by the international community with the Paris Agreement, more and more financial stakeholders are now ready to take the path of the transition to a low-carbon climate-resilient economy. However, the urgency of addressing these issues shows us the need to strengthen our understanding of tools, concepts and actors serving the climate cause through finance.

The project’s goal

Mainstreaming climate finance is now one of the core aspects to further enhance climate action towards a LCCR economy. This project aims to produce 2 pages thematic briefing sheets on climate finance related issues to help future economic and political stakeholders understanding some of the key concepts/issues.

Target audience:

  • Students (especially in economics, finance and business)
  • Policy-makers and economic stakeholders

Topics

  • The needs for a LCCR transition, policies alignment, and climate finance

1/ Climate change and the financial ecosystem: why the alignment/mainstreaming is necessary

1. A glimpse on the international climate governance

2. Focus on key financial actors/sectors that can help financing the LCCR

3/ Mainstreaming climate change into international financial governance: economic & policy instruments

1. Carbon pricing policies

  • Financing the transition through carbon border adjustments

3. Climate-friendly financial regulatory policies

  • Macro-prudential policies and weighting rules to foster long-term investments

4. Climate-related financial standards

5. Integration of climate-related risk(s) & Assessment of climate-compatible investment portfolios

Team:
Mailing list: finance@climates.fr
Project manager:
Clément Bultheel: Green Finance Officer – Commissariat General for Sustainable Developmpent, French Ministry for Ecological and Solidary Transition – clement.bultheel@climates.fr
Research team:
Chrysa Alexandraki: Contract Lawyer – ‎EY
Justine Claude: Master in Management candidate at Bocconi University
Charlotte Gardes: Policy Expert, Sustainable Finance & International Financial Regulatory Policy, Ph.D candidate in Law & Economics
Céline Huber: ‎Policy analyst – UNESCO
Liudmila Strakodonskaya: SRI Analyst, ElevaCapital, PhD in Economics, Socially & Sustainable Responsible Investment
– Aurore Vernhes: Doctoral student in international environmental law – Université Paris Ouest Nanterre

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