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:


1.

What role investors’ “climate sentiments” and financial instruments play in fostering or hindering climate policies’ implementation?



2.

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?


3.

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 concept 


Project Team

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.

Partners

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

News & Activities

We like to keep you informed and updated with all GreenFin's project activity, news and events. Learn on providing relevant insights on how to turn potential risks related to the green finance transition into opportunities for Austria to pursue a smooth low-carbon
transition in the economy and finance, in accordance to the recommendations of the EU Sustainable Finance
Action Plan (SFAP)

Our tweets

IEA clarifies what’s behind recent developments in natural gas and electricity – no, it is not renewables, as badly informed voices suggested: marketshttps://www.iea.org/news/statement-on-recent-developments-in-natural-gas-and-electricity-markets

“35 per cent of companies that have worsening environmental performance are rewarded with an increase in weight, a figure that rises to 41 per cent of stocks with deteriorating carbon intensity…

“This number should be zero,” said Goltz.”
https://www.ft.com/content/1587ee6d-e1da-489c-bee5-2199701c12a3

By how much capital buffers should be revised to include #climaterisks? Metrics and methods will be crucial to support regulators and the financial industry.