Sustainable finance for a smooth low-carbon transition

Project description

Aligning finance with climate stability

A double systemic challenge awaits European societies. First, they will need to move towards a low-carbon productive system to mitigate climate change. Second, they will have to minimise the economic and financial disruptions this transition could trigger. To achieve these goals, financial systems have to be aligned with climate stability and transition objectives. This is why the EU-funded SMOOTH project will delve into the psychological and institutional barriers to low-carbon investments, and will develop a novel macro-financial analytical framework to study potential decarbonisation scenarios. Combining climate macroeconomics, behavioural finance and political economy, this framework will analyse financial drivers and obstacles, as well as their implications for growth, financial stability, employment, distribution and private/public debt.

Field of science

• /social sciences/political science
• /social sciences/economics and business/economics/macroeconomics

Programme(s)

• H2020-EU.1.1. - EXCELLENT SCIENCE - European Research Council (ERC)

Topic(s)

• ERC-2019-STG - ERC Starting Grant

Call for proposal

ERC-2019-STG
See other projects for this call

Funding Scheme

ERC-STG - Starting Grant

Host institution

ALMA MATER STUDIORUM - UNIVERSITA DI BOLOGNA

Address

Via Zamboni 33
40126 Bologna
Italy

Activity type

Higher or Secondary Education Establishments

EU contribution

€ 1 130 587,25

Beneficiaries (2)

ALMA MATER STUDIORUM - UNIVERSITA DI BOLOGNA

Italy

EU contribution

€ 1 130 587,25

Address

Via Zamboni 33
40126 Bologna

Activity type

Higher or Secondary Education Establishments

FONDAZIONE CENTRO EURO-MEDITERRANEOSUI CAMBIAMENTI CLIMATICI

Italy

EU contribution

€ 369 368,75

Address

Via A Imperatore 16
73100 Lecce

Activity type

Research Organisations