Financial Regulation, Climate Change, and the Transition to a Low-Carbon Economy : A Survey of the Issues /

There are demands on central banks and financial regulators to take on new responsibilities for supporting the transition to a low-carbon economy. Regulators can indeed facilitate the reorientation of financial flows necessary for the transition. But their powers should not be overestimated. Their d...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Demekas, Dimitri
Muut tekijät: Grippa, Pierpaolo
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2021.
Sarja:IMF Working Papers; Working Paper ; No. 2021/296
Aiheet:
Linkit:Full text available on IMF
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100 1 |a Demekas, Dimitri. 
245 1 0 |a Financial Regulation, Climate Change, and the Transition to a Low-Carbon Economy :   |b A Survey of the Issues /  |c Dimitri Demekas, Pierpaolo Grippa. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (45 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a There are demands on central banks and financial regulators to take on new responsibilities for supporting the transition to a low-carbon economy. Regulators can indeed facilitate the reorientation of financial flows necessary for the transition. But their powers should not be overestimated. Their diagnostic and policy toolkits are still in their infancy. They cannot (and should not) expand their mandate unilaterally. Taking on these new responsibilities can also have potential pitfalls and unintended consequences. Ultimately, financial regulators cannot deliver a low-carbon economy by themselves and should not risk being caught again in the role of 'the only game in town.' 
538 |a Mode of access: Internet 
650 7 |a Central Banks and Their Policies  |2 imf 
650 7 |a Climate  |2 imf 
650 7 |a Financial Institutions and Services  |2 imf 
650 7 |a Global Warming  |2 imf 
650 7 |a Natural Disasters and Their Management  |2 imf 
700 1 |a Grippa, Pierpaolo. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2021/296 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2021/296/001.2021.issue-296-en.xml  |z IMF e-Library