Model-based financial regulation challenges for the net-zero transition
Gasparini, M., Ives, M., Carr, B., Fry, S. & Beinhocker, E.
(2024).
Model-based financial regulation challenges for the net-zero transition.
Nature Climate Change,
14(5), 434 - 435.
https://doi.org/10.1038/s41558-024-01959-7
Current model-based financial regulations favour carbon-intensive investments. This is likely to disincentivize banks from investing in new low-carbon assets, impairing the transition to net zero. Financial regulators and policymakers should consider how this bias may impact financial system stability and broader societal objectives.
| Item Type | Article |
|---|---|
| Copyright holders | © 2024 Springer Nature Limited |
| Departments | LSE > Research Centres > Grantham Research Institute |
| DOI | 10.1038/s41558-024-01959-7 |
| Date Deposited | 22 Apr 2024 |
| URI | https://researchonline.lse.ac.uk/id/eprint/122705 |
Explore Further
- https://www.lse.ac.uk/granthaminstitute/profile/ben-carr/ (Author)
- https://www.scopus.com/pages/publications/85189502440 (Scopus publication)
- https://www.nature.com/nclimate/ (Official URL)