Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/273078 
Year of Publication: 
2023
Series/Report no.: 
SAFE Policy Letter No. 100
Publisher: 
Leibniz Institute for Financial Research SAFE, Frankfurt a. M.
Abstract: 
Climate risk has become a major concern for financial institutions and financial markets. Yet, climate policy is still in its infancy and contributes to increased uncertainty. For example, the lack of a sufficiently high carbon price and the variety of definitions for green activities lower the value of existing and new capital, and complicate risk management. This column argues that it would be welfare-enhancing if policy changes were to follow a predictable longer-term path. Accordingly, the authors suggest a role for financial regulation in the transition.
Subjects: 
Climate Change
Financial Regulation and Banking
Document Type: 
Research Report

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