Under which conditions complementarities among fiscal and monetary policies, financial regulations and instruments, could help to achieve the climate targets while minimizing trade offs on financial instability and inequality?
GreenFin is funded within the Klimafonds+ 11th Call
Aligning investment, consumption and policy decisions to the climate targets is crucial to decarbonize the economy and promote a sustainable and climate-resilient society.
However, so far, policy and investment decisions have been yo-yoing. Challenges to implement stable and coherent polices include the lack of proper understanding of risks, costs and benefits associated to different policy and investment decisions along transition pathways.
On the other hand, the deeply interconnected and financialized nature of the economic system also contributes to amplifying such risks. Thus, addressing such challenges requires to depart from sector-based knowledge and embrace complexity.
GreenFin addresses 3 low-carbon transition challenges:
What role investors’ “climate sentiments” and financial instruments play in fostering or hindering climate policies’ implementation?
How could we exploit the complementarity of fiscal and monetary policies and financial regulations to scale up low-carbon investments while minimizing trade-offs for economic competitiveness, financial stability and inequality?
Under which conditions could greening Austrian development finance contribute to sustainable growth in the beneficiary countries thus minimizing risk of losses for Austrian investors?
GreenFin’s team combines complementary competences in energy and climate economics, green innovation, socio-ecological modelling, financial risk modelling, green finance, development finance, thus ensuring a comprehensive inter-disciplinary analysis.
The project consortium consists of the Vienna University of Economics and Business (WU) as lead, the International Institute for Applied System Analysis (IIASA) and the Austrian Institute of Economic Research (WIFO) as Austrian partners, and the University of Bologna (UNIBO) as international research excellence partner
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transition in the economy and finance, in accordance to the recommendations of the EU Sustainable Finance
Action Plan (SFAP)