This paper assesses the effectiveness and interactions of different policies aimed at reducing carbon dioxide emissions, using a macro-financial framework. The research aims to provide central banks and similar institutions with the tools to contribute to climate change mitigation and demonstrates the importance of including these institutions in the push to reduce global emission levels. Read more
Programmes by the European Central Bank (ECB) and Bank of England designed to boost economic growth after the 2008 financial crash could inadvertently be giving high-carbon sectors an advantage over their low-carbon counterparts. These measures, including quantitative easing, may be coming to an end, but their ‘high-carbon skew’ could have a long term impact on the UK and Eurozone. Read more
Fund Strategy, 30 May 2017 Read more
Note that an 8-page policy brief for decision-makers that draws on the full 36-page paper is available. Headline issue Both... Read more
