The financial system could help achieve the global climate targets by aligning investments to
sustainability. However, investors are largely exposed to carbon-intensive assets that could …

The urgency of estimating the impact of climate risks on the financial system is increasingly
recognized among scholars and practitioners. By adopting a network approach to financial …

Well-known academic and non-academic institutions call for a new approach in economics
able to capture features of modern economies including, but not limited to, complexity, non-…

Climate change has been recently recognised as a new source of risk for the financial system.
Over the last years, several central banks and financial supervisors have recommended …

The financial system—the ecosystem of investors (eg, banks, investment funds, insurance),
markets, and instruments—is often considered to play an enabling role in climate mitigation …

COVID-19 has revealed how challenging it is to manage global, systemic and compounding
crises. Like COVID-19, climate change impacts, and maladaptive responses to them, have …

It is increasingly recognized that a transition to sustainable finance is crucial to scale up the
low-carbon investments needed to achieve the global climate targets. A main barrier to …

A successful low-carbon transition requires the introduction of policies aimed at aligning
investments to the climate and sustainability targets. In this regard, a global Carbon Tax (CT) …

Fiscal and monetary policies, as well as new financial instruments, could play a key role to
meet the Paris Agreement. However, deep uncertainty characterizes their design and their …

There is growing consensus on the fact that fossil fuel subsidies provided by governments
in high-income countries represent a misalignment on emissions’ reduction with the global …