Financial Risks and Opportunities in the Time of Climate Change
Bruegel Policy Brief , Volume 2016 - Issue 02 p. 1- 8
Real economic imbalances can lead to financial crisis. The current unsustainable use of our environment is such an imbalance.
Financial shocks can be triggered by either intensified environmental policies, cleantech breakthroughs (both resulting in the stranding of unsustainable assets), or the economic costs of crossing ecological boundaries (e.g. floods and droughts due to climate change).
Financial supervisors and risk managers have so far paid little attention to this ecological dimension, allowing systemic financial imbalances resulting from ecological pressures to build up. Inattention also leads to missed economic and financial opportunities from the sustainability transition.
|Bruegel Policy Brief|
|Organisation||Rotterdam School of Management (RSM), Erasmus University|
Schoenmaker, D, & van Tilburg, R. (2016). Financial Risks and Opportunities in the Time of Climate Change. Bruegel Policy Brief (Vol. 2016, pp. 1–8). Retrieved from http://hdl.handle.net/1765/93228