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OECD Journal: Financial Market Trends

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The articles in Financial Market Trends focus on trends, structural issues and developments in financial markets and the financial sector.

English

Green financing: Challenges and opportunities in the transition to a clean and climate-resilient economy

Greening the economy involves improving the quality of the environment and tackling climate change, and is a major policy, economic and financial challenge. Key issues that have emerged in this context relate to financing climate change mitigation and adaptation and how to close the financing gap to fund the needed low-carbon investments. Beyond such capital mobilisation there is the more general challenge of whether and how the financial system can enable capital reallocation consistent with the “green” transition and for the long run, and what risks, opportunities and incentives are involved. This article provides a brief overview and summarises an OECD roundtable discussion on these issues.

JEL classification: Q54, E10, E44, G12, G14, G21, G22, G23, G28.

Keywords: Climate change, low carbon, climate finance, green finance, investment, capital allocation, financial system, disclosure, stranded assets, risks, COP21.                                                      

English

JEL: E10: Macroeconomics and Monetary Economics / General Aggregative Models / General Aggregative Models: General; G14: Financial Economics / General Financial Markets / Information and Market Efficiency; Event Studies; Insider Trading; E44: Macroeconomics and Monetary Economics / Money and Interest Rates / Financial Markets and the Macroeconomy; Q54: Agricultural and Natural Resource Economics; Environmental and Ecological Economics / Environmental Economics / Climate; Natural Disasters and Their Management; Global Warming; G22: Financial Economics / Financial Institutions and Services / Insurance; Insurance Companies; Actuarial Studies; G12: Financial Economics / General Financial Markets / Asset Pricing; Trading volume; Bond Interest Rates; G28: Financial Economics / Financial Institutions and Services / Financial Institutions and Services: Government Policy and Regulation; G21: Financial Economics / Financial Institutions and Services / Banks; Depository Institutions; Micro Finance Institutions; Mortgages; G23: Financial Economics / Financial Institutions and Services / Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors
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