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Banking and Climate Change

Descripción del proyecto

Análisis del papel del sector bancario en la lucha contra el cambio climático

El cambio climático afecta a todas las personas y todos los países. Incluso las empresas están empezando a plantearse los posibles efectos sobre sus negocios. El sector bancario no es inmune al cambio climático, pero su papel en la lucha contra este sigue sin estar claro. El proyecto ClimateBanking, financiado por el Consejo Europeo de Investigación, ofrecerá nueva información sobre el papel del sector bancario en cuanto a cómo puede colaborar en la lucha contra el cambio climático. Mediante un enfoque holístico y el análisis de varios canales, también revisará el papel de la banca pública, así como la interacción entre los bancos y los mercados públicos.

Objetivo

Climate change is one of the key societal challenges of our generation, affecting every country, every firm, and every person on this planet for decades to come. More than half of carbon emissions arise from bank-dependent sectors of the economy; and a large part of renewable energy production is financed by banks. The banking sector plays a crucial role for lending to firms and households, for the issuance of securities, for project financing, and for mergers and acquisitions. Yet, the role of banks in addressing climate change is not yet well understood.

The goal of this project is to provide a fundamental understanding of the role of the banking sector in addressing climate change. The project will take a holistic view and analyze several channels through which the banking sector plays a central role in addressing climate change: the role of laws and regulations, the role of governance mechanisms in the banking sector, the role of state-owned banks, as well as the interaction between public markets and banks.

I pursue this research agenda in two parts. The first part focuses on the role of the banking industry for firms, while the second part focuses on the role of the banking industry for households. Both parts will analyze key agency and financial constraints that can impede the provision of financing for long-term investments that are at the heart of climate finance.

This project will shape our understanding of the role of the banking sector in addressing climate change. It will empirically analyze key channels, advance the methodological toolkit that can serve as the basis for future research in this area, and create unparalleled new data sets tailored to analyzing the role of the banking sector in addressing climate change. The results of this project can help academics, regulators, policymakers, and society to understand and address one of the key challenges of our times.

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Coordinador

JOHANN WOLFGANG GOETHE-UNIVERSITAET FRANKFURT AM MAIN
Aportación neta de la UEn
€ 1 841 342,50
Dirección
Theodor w adorno platz 1
60323 Frankfurt am main
Alemania

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Región
Hessen Darmstadt Frankfurt am Main, Kreisfreie Stadt
Tipo de actividad
Higher or Secondary Education Establishments
Enlaces
Otras fuentes de financiación
€ 0,00

Participantes (1)