Banking On Climate Change

Author : Saloni P. Ramakrishna
Publisher : Walter de Gruyter GmbH & Co KG
Page : 328 pages
File Size : 53,7 Mb
Release : 2023-12-04
Category : Business & Economics
ISBN : 9783110757958

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Climate Change Risk Management in Banks by Saloni P. Ramakrishna Pdf

Banks, like other businesses, endeavor to drive revenue and growth, while deftly managing the risks. Dubbed the next "frontier" in risk management for financial services, climate related risks are the newest and potentially the most challenging set of risks that banks are encountering. On the one hand, banks must show their commitment to becoming net zero and, on the other, help their customers transition to more sustainable operations, all this while managing climate-related financial risks. It is a paradigm shift from how the banking industry has traditionally managed risks as climate change risks are complex. They are multilayered, multidimensional with uncertain climate pathways that impact real economy which in turn influences the financial ecosystem in myriad ways. Climate Change Risk Management in Banks weaves the complete lifecycle of climate risk management from strategy to disclosures, a must-read for academics, banking professionals and other stakeholders interested in understanding and managing climate change risk. It provides much-needed insights, enabling organizations to respond well to these new risks, protect their businesses, mitigate losses and enhance brand value. Saloni Ramakrishna, an acknowledged financial industry practitioner, argues that given the uncertain and volatile climate paths, complex geopolitical patterns, and sustainability challenges, banks and business professionals will benefit from a wholistic approach to managing climate change risks. The book provides a blueprint and a cohesive framework for embracing and maintaining such an approach, in a simple and structured format.

Author : Megan Bowman
Publisher : Unknown
Page : 0 pages
File Size : 44,9 Mb
Release : 2015
Category : Law
ISBN : 9041152237

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Banking on Climate Change by Megan Bowman Pdf

Banking on Climate Change provides you with a comprehensive, cross-jurisdictional analysis of legislative and policy responses to climate change and the financial crisis in key market economies. The climate finance field is extremely new. This first qualitative study on corporate climate finance spells out the importance of private capital finance and public finance in facilitating the transition to a low-carbon economy. You'll find a thorough discussion and analysis of the discrete topics of finance and climate change, which will help you in your lending, investing and advising activities. Megan Bowman draws upon the access she has received to senior bank managers and international workshops to explore the activities of multilateral development banks and specialized climate funds. She also considers the influences of corporate law and corporate governance norms on directors' decision-making. She examines the risk/return theory for a range of private finance actors, and explores how business case logic and corporate social responsibility influence financial behaviors. She also looks at the case for Chinese 'state capital' for global green investment. Banking on Climate Change includes personal interviews with senior bank personnel, corporations and non-government organizations in the United States, Europe and Australia. This data will give you a key insight into how and why the banks make their decisions, and will be helpful for legal practitioners, policy-makers and anyone working in other private finance sectors.--

Author : Lucila Serra,José Juan Gomes Lorenzo,Diana Smallridge,Chiara Trabacchi,Maria Netto,Barbara Buchner
Publisher : Inter-American Development Bank
Page : 95 pages
File Size : 53,9 Mb
Release : 2013-03-12
Category : Business & Economics
ISBN : 8210379456XXX

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The Role of National Development Banks in Catalyzing International Climate Finance by Lucila Serra,José Juan Gomes Lorenzo,Diana Smallridge,Chiara Trabacchi,Maria Netto,Barbara Buchner Pdf

Significant investments are needed to support the global transition to a low-carbon, climate resilient future. Current finance flows fall short of global financing needs, and massive scaling up is needed to unlock additional financial resources and foster a sustainable investment pathway. Overcoming barriers to private sector investments is critical, and international climate finance can play a catalytic role in this regard. National development banks (NDBs) have a unique role in this context, both complementing and catalyzing private sector players. This publication discusses the unique role that NDBs could play in scaling up private financing for climate change mitigation projects through the intermediation of international and national public climate finance in their respective local credit markets and the conditions that would be needed for them to be most effective. It draws from experiences in international climate finance and best practices, processes, and products of NDBs within the Latin American and Caribbean region.

Author : Andreas Dombret,Patrick S. Kenadjian
Publisher : Walter de Gruyter GmbH & Co KG
Page : 230 pages
File Size : 50,7 Mb
Release : 2021-10-11
Category : Law
ISBN : 9783110752892

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Green Banking and Green Central Banking by Andreas Dombret,Patrick S. Kenadjian Pdf

The books deals with the questions that really matter for green finance: Where will the money to finance the transition to a low carbon environment come from, how far do the banks’ balance sheets stretch and where will the rest of the money come from? How much can we rely on the capital markets, especially in the EU, to get money to the parts of the economy which really need it, without greenwashing? How do governments organize not just a transition, but a just transition to a low carbon environment? Is it time to revisit received ideas about the proper role for central banks?

Author : Marco Migliorelli,Philippe Dessertine
Publisher : Springer Nature
Page : 143 pages
File Size : 53,6 Mb
Release : 2020-09-17
Category : Business & Economics
ISBN : 9783030545307

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Sustainability and Financial Risks by Marco Migliorelli,Philippe Dessertine Pdf

Despite growing discussions on the relationship between sustainability and finance, so far little attention has been given to the relation linking sustainability-related risks and financial risks. Climate change, environmental degradation and social inequality, among others factors, may indeed have considerable adverse impacts on financial actors and markets, and even have the potential to harm financial stability. Shedding light on the importance of the nexus between sustainability and financial risks, this book addresses the need for new industry and policy approaches. With insights from a skilled set of scholars in the finance field, this edited collection explores the effects of climate risks on the banking and insurance industries, the problem of stranded assets, the possible corporate risk management frameworks that could be used to control sustainability-related risks, the role of non-financial disclosure in fostering market discipline, and the policy actions needed to integrate sustainability considerations into prudential supervision. Tackling an interdisciplinary topic, this book will appeal to academics and practitioners within the finance, business and sustainability fields.

Author : Bozena Radzewicz-Bak,Jérôme Vacher,Gareth Anderson,Filippo Gori,Mahmoud Harb,Ms. Yevgeniya Korniyenko,Ms. Jiayi Ma,Moheb T Malak,Ms. Dorothy Nampewo,Sahra Sakha
Publisher : International Monetary Fund
Page : 80 pages
File Size : 51,6 Mb
Release : 2024-02-12
Category : Business & Economics
ISBN : 9798400255250

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Preparing Financial Sectors for a Green Future by Bozena Radzewicz-Bak,Jérôme Vacher,Gareth Anderson,Filippo Gori,Mahmoud Harb,Ms. Yevgeniya Korniyenko,Ms. Jiayi Ma,Moheb T Malak,Ms. Dorothy Nampewo,Sahra Sakha Pdf

The financial sectors of the Middle East and Central Asia (ME&CA) countries should play an important role in supporting climate-related policies for the region. The sectors are vulnerable to downside risks from climate-related shocks and at the same time offer the potential to help fill the financing gap for needed adaptation and mitigation strategies. Successful approaches to climate change in the region therefore need to coherently integrate financial sector strategies within the overall policy framework to meet this important challenge. To this end, policymakers must ensure that financial sectors are prepared for a green future. This means enhancing the resilience of banks to physical and transition risks from climate change and boosting the capacity of insurance sectors to speed recovery from climate-related disasters and help offset economic costs. Moreover, policies are needed to foster an enabling environment for private green finance, attract investment from other official entities, such as sovereign wealth funds (SWF), and facilitate support from international financial institutions and multilateral development banks. In the near term, policy efforts should center around better understanding and measuring climate-related risks. This includes prioritizing the implementation of methodologies for quantifying and reporting such risks, promoting their transparent disclosure by financial institutions, and strengthening frameworks for their forecasting and analyzing. Over the medium term, governments can play an important role in supporting green finance through incentives and market mechanisms, phasing-out energy subsidies, and introducing new tools and markets (such as carbon pricing frameworks), which can stimulate demand for investment in green technologies. The paper offers a unique regional perspective on climate risks in ME&CA's financial sectors and outlines the road ahead in transitioning to a green future. It is the first to evaluate the impact of climate change on banking institutions in the region and assess the capacity of insurance in mitigating climate-related damages and losses. It contributes to the existing literature by synthesizing the size and nature of regional financing needs for adaptation and mitigation and discussing both opportunities and challenges for the development of green finance. The paper's policy recommendations provide guidance to policymakers on how to develop regulatory responses to enhance financial sustainability amid climate change risks.

Author : Samsul Alam,Sergey Sosnovskikh
Publisher : Taylor & Francis
Page : 231 pages
File Size : 50,5 Mb
Release : 2023-05-31
Category : Business & Economics
ISBN : 9781000874877

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Environmental Finance and Green Banking by Samsul Alam,Sergey Sosnovskikh Pdf

Environmental finance and green banking are central drivers of the transition to a sustainable economy and essential components in solutions to climate change. This book presents the latest research on theory and practices in these interdisciplinary fields, incorporating both public and corporate finance. It introduces three parts – environmental investing and financing, green banking and environmental policies in the public sector. The book explores the current trends, dynamics and ways forward for environmental finance and green banking, including fundamental theories (e.g., environmental Kuznets curve) and comparisons between traditional and green bond efficiency, corporate governance practices and disclosure, green central banking, climate finance, sustainable strategies, green Islamic banking, and public climate fund management in multi-country contexts. The contributors to this book highlight significant challenges ahead while recognizing potential opportunities, such as the revolution in green investments and trading in green bonds. This book is a welcome addition to the literature on environmental economics and finance and the economics of sustainability and climate change.

Author : Mr. Dimitri G Demekas,Pierpaolo Grippa
Publisher : International Monetary Fund
Page : 45 pages
File Size : 53,9 Mb
Release : 2021-12-17
Category : Business & Economics
ISBN : 9781616356521

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Financial Regulation, Climate Change, and the Transition to a Low-Carbon Economy: A Survey of the Issues by Mr. Dimitri G Demekas,Pierpaolo Grippa Pdf

There are demands on central banks and financial regulators to take on new responsibilities for supporting the transition to a low-carbon economy. Regulators can indeed facilitate the reorientation of financial flows necessary for the transition. But their powers should not be overestimated. Their diagnostic and policy toolkits are still in their infancy. They cannot (and should not) expand their mandate unilaterally. Taking on these new responsibilities can also have potential pitfalls and unintended consequences. Ultimately, financial regulators cannot deliver a low-carbon economy by themselves and should not risk being caught again in the role of ‘the only game in town.’

Author : Anonim
Publisher : Unknown
Page : 78 pages
File Size : 43,8 Mb
Release : 2013
Category : Climate change mitigation
ISBN : OCLC:860908861

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The Role of National Development Banks in Catalyzing International Climate Finance by Anonim Pdf

Author : Douglas G. Cogan
Publisher : Unknown
Page : 0 pages
File Size : 48,9 Mb
Release : 2008
Category : Banks and banking
ISBN : OCLC:212856312

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Corporate Governance and Climate Change by Douglas G. Cogan Pdf

Author : Andi Duqi
Publisher : Unknown
Page : 0 pages
File Size : 45,7 Mb
Release : 2023
Category : Electronic
ISBN : 3031363736

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Banking Institutions and Natural Disasters by Andi Duqi Pdf

This book looks more closely at how natural disasters impact bank activity and how banks can support economic recovery after a natural disaster. The importance of banks in this context is underscored by increasing regulatory attention on their role in fostering a sustainable future, but also on the risks that climate change poses to bank stability. Humanity has tried to cope with the short- and long-term economic consequences of natural disasters for centuries. However, the severity of these events is constantly increasing in magnitude, due to the alteration of the earth's climate and the environment. They pose a serious threat to the lives of millions of people especially in less developed countries. At the same time, the international community has acknowledged that weather hazards' impact and countries' resilience to them are affected by various socio-economic factors, such as the well-functioning of financial institutions, especially commercial banks. Banks will inevitably adapt their strategies to address concerns arising from climate change. In doing this, the book discusses partnerships with international cooperation institutions, other financial intermediaries, and local governments, so that the green transition ensures an inclusive growth for all, especially the most vulnerable parts of our societies. This book is of interest to researchers, academics, and students of sustainable finance and climate finance. Andi Duqi is Associate Professor in Banking and Finance at the University of Bologna in the Department of Management. He joined the University of Bologna as Faculty in 2018. He obtained a Ph.D. in Financial Markets and Intermediaries from the University of Bologna in 2012 and was Post-doc Researcher there during 2012-2013. He has been Visiting Research Fellow at the Bangor Business School and Nottingham Business School, UK. Prof. Duqi's research has focused on banking institutions, their performance, efficiency, dividend policy, competition, and their impact on real economic activity. Currently, he is also interested in social impact and climate finance. .

Author : Sonia Labatt,Rodney R. White
Publisher : John Wiley & Sons
Page : 199 pages
File Size : 44,9 Mb
Release : 2011-07-20
Category : Business & Economics
ISBN : 9781118161159

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Carbon Finance by Sonia Labatt,Rodney R. White Pdf

Praise for Carbon Finance "A timely, objective, and informative analysis of the financial opportunities and challenges presented by climate change, including a thorough description of adaptive measures and insurance products for managing risk in a carbon constrained economy." —James R. Evans, M. Eng. P. Geo., Senior Manager, Environmental Risk Management, RBC Financial Group "Climate change will have enormous financial implications in the years to come. How businesses and investors respond to the risks and opportunities from this issue will have an enormous rippling effect in the global economy. Sonia Labatt and Rodney White's insights and thoughtful analysis should be read by all who want to successfully navigate this global business issue." —Andrea Moffat, Director, Corporate Programs, Ceres "In Carbon Finance, Labatt and White present a clear and accessible description of the climate change debate and the carbon market that is developing. Climate change is becoming an important factor for many financial sector participants. The authors illustrate how challenges and opportunities will arise within the carbon market for banking, insurance, and investment activities as well as for the regulated and energy sector of the economy." —Charles E. Kennedy, Director and Portfolio Manager, MacDougall, MacDougall & MacTier Inc. "Climate change is the greatest environmental challenge of our generation. Its impact on the energy sector has implications for productivity and competitiveness. At the same time, environmental risk has emerged as a major challenge for corporations in the age of full disclosure. Carbon Finance explains how these disparate forces have spawned a range of financial products designed to help manage the inherent risk. It is necessary reading for corporate executives facing challenges that are unique in their business experience." —Skip Willis, Managing Director Canadian Operations, ICF International "In this timely publication, Labatt and White succeed in communicating the workings of carbon markets, providing simple examples and invaluable context to the new and changing mechanisms that underpin our transformation to a carbon-constrained world. Carbon Finance will be the definitive guide to this field for years to come." —Susan McGeachie, Director, Innovest Strategic Value Advisors, Graduate Faculty Member, University of Toronto; and Jane Ambachtsheer, Principal, Mercer Investment Consulting, Graduate Faculty Member, University of Toronto

Author : Suborna Barua
Publisher : Walter de Gruyter GmbH & Co KG
Page : 161 pages
File Size : 51,9 Mb
Release : 2020-08-10
Category : Business & Economics
ISBN : 9783110661293

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Principles of Green Banking by Suborna Barua Pdf

Environmental sustainability is perhaps the key societal challenge of our times. Achieving it will require a significant level of financing and investment, and here the role of the banking industry is fundamental. Banks can play a broader and far-reaching role by adopting environmental concerns in their internal and external business operations. Principles of Green Banking is a comprehensive account of the different aspects of green banking and offers theories and principles as well as practical how-to guidelines to adopt green banking practices. This book discusses why green banking is central to achieving sustainable development. It illustrates the evolution of green banking around the world, different types of environmental risks created by firms and how these risks offer threats to sustain ability, and ongoing trends and patterns of green banking practice. Critically, it also presents an outline of the regulatory framework necessary to help the entire banking sector adapt to the change towards green banking. It is a valuable resource for financial sector professionals and scholars in the fields of sustainable finance and banking.

Author : Markandya Anil,Galarraga Ibon,Rubbelke Dirk T G
Publisher : World Scientific
Page : 376 pages
File Size : 45,6 Mb
Release : 2017-01-05
Category : Business & Economics
ISBN : 9789814641821

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Climate Finance: Theory And Practice by Markandya Anil,Galarraga Ibon,Rubbelke Dirk T G Pdf

How is the struggle against climate change financed? Climate Finance: Theory and Practice gives an overview of the key debates that have emerged in the field of climate finance, including those concerned with efficiency, equity, justice, and contribution to the public good between developed and developing countries. With the collaboration of internationally renowned experts in the field of climate finance, the authors of this book highlight the importance of climate finance, showing the theoretical aspects that influence it, and some practices that are currently being implemented or have been proposed to finance mitigation and adaptation policies in the developed and developing world.

Author : Leonardo Martinez-Diaz,Jesse M. Keenan
Publisher : U.S. Commodity Futures Trading Commission
Page : 196 pages
File Size : 50,5 Mb
Release : 2020-09-09
Category : Science
ISBN : 9780578748412

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Managing Climate Risk in the U.S. Financial System by Leonardo Martinez-Diaz,Jesse M. Keenan Pdf

This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742