Model-based financial regulation challenges for the net-zero transition
Gasparini, Matteo; Ives, Matthew; Carr, Ben; Fry, Sophie; and Beinhocker, Eric
(2024)
Model-based financial regulation challenges for the net-zero transition.
Nature Climate Change, 14 (5).
434 - 435.
ISSN 1758-678X
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 |
|---|---|
| Departments | Grantham Research Institute |
| DOI | 10.1038/s41558-024-01959-7 |
| Date Deposited | 22 Apr 2024 09:36 |
| URI | https://researchonline.lse.ac.uk/id/eprint/122705 |