Dafermos, Yannis and Nikolaidi, Maria ORCID: 0000-0002-8188-5482 (2023) Financing climate investment in the EU: the role of monetary and financial policies. In: Cerniglia, Floriana, Saraceno, Francesco and Watt, Andrew, (eds.) Financing Climate Investment in the EU: the Role of Monetary and Financial Policies. OpenBook Publishers, Cambridge, United Kingdom, pp. 157-168. ISBN 978-1805112006; 978-1805112013; 978-1805112020; 978-1805112051; 978-1805112044; 978-1805112037 (doi:https://doi.org/10.11647/OBP.0386)

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Abstract

The climate crisis requires an unprecedented transformation of the EU fiscal, industrial, trade, and regulatory policy frameworks. However, this transformation needs to be supported by the greening of the EU monetary and financial policies. This would facilitate the financing of the large amount of investment in climate mitigation and adaptation that is needed in the coming years. In this chapter, we present a set of tools that central banks, financial regulators, and financial supervisors can employ to advance the EU decarbonisation and climate resilience targets. We highlight that these tools should be used in a context of a concrete ‘sticks and carrots’ policy mix framework that moves beyond market-based approaches.

Item Type:	Book Section
Uncontrolled Keywords:	climate change; monetary policies; financial policies; EU
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance
Faculty / School / Research Centre / Research Group:	Faculty of Business
Related URLs:	Publisher
Last Modified:	22 Jan 2024 11:30
URI:	http://gala.gre.ac.uk/id/eprint/45343

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