{"id":45607,"date":"2019-06-13T10:12:37","date_gmt":"2019-06-13T09:12:37","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&#038;p=45607"},"modified":"2024-08-19T14:18:36","modified_gmt":"2024-08-19T13:18:36","slug":"unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth\/","title":{"rendered":"Unlocking the strategic economic opportunity of clean and inclusive growth"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>Chapter in the Banque De France&rsquo;s <em>Financial Stability Review no. 23 &ndash; June 2019.<\/em><\/p>\n<p>The 23rd edition of the Banque de France&rsquo;s Financial Stability Review is entitled &ldquo;Greening the financial system: the new frontier&rdquo;. Climate change, whose consequences on the environment are already being felt, is a source of risks for the economic system and the financial sector. A profound transformation of our economy towards a new model of sustainable growth, based on &ldquo;green finance&rdquo;, is therefore necessary. To shed light on these questions, the Banque de France has brought together in this publication the points of view of scientists, academics, industry representatives and public authorities. This review shows the extent of climate change, assesses its potential financial and macroeconomic impacts and highlights the opportunities associated with financing the transition to a low-carbon economy. To meet the challenge of climate change, financial actors, both public and private, have a key role to play in financing this transition, whose amounts are still well below those required. This is particularly true for developing countries, which are highly exposed to the negative effects of climate change and will have significant financial needs to achieve the essential mitigation and adaptation efforts.<\/p>\n<p><a class=\"link link--external\" href=\"https:\/\/publications.banque-france.fr\/en\/financial-stability-review\/june-2019\" aria-describedby=\"link-description-new-window\" target=\"_blank\" rel=\"noopener\" title=\"\">External link to publication&#65279;<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" role=\"img\" aria-hidden=\"true\"><path d=\"M14.42 1.04L3.2.7a.8.8 0 00-.8.76v.1a.8.8 0 00.76.7l9.39.3L.93 14.16c-.3.3-.3.8 0 1.1l.09.08c.3.23.73.2 1.01-.07L13.65 3.65l.29 9.4a.8.8 0 00.8.76.79.79 0 00.77-.8L15.17 1.8a.82.82 0 00-.75-.76z\" fill=\"#2e3152\"><\/path><\/svg><\/a><\/p>\n\n","protected":false},"excerpt":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>Chapter in the Banque De France&rsquo;s Financial Stability Review no. 23 &ndash; June 2019.<\/p>\n\n","protected":false},"author":12,"featured_media":0,"template":"","tags":[901,622,1085],"publication-type":[1682],"topic_area":[4692],"class_list":["post-45607","publication","type-publication","status-publish","hentry","tag-financial-stability","tag-france","tag-sustainable-finance","publication-type-policy-publications","topic_area-adaptation-and-resilience"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"downloads":{"ref_value":"field_52f16cc1a80f2","value":false,"type":"repeater","post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["patrick-curran","nick-robins","nicholas-stern"],"type":"relationship","post_type":"profile"},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Unlocking the strategic economic opportunity of clean and inclusive growth - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unlocking the strategic economic opportunity of clean and inclusive growth - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"Chapter in the Banque De France\u2019s Financial Stability Review no. 23 \u2013 June 2019.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-19T13:18:36+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth\\\/\",\"name\":\"Unlocking the strategic economic opportunity of clean and inclusive growth - Grantham Research Institute on climate change and the environment\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\"},\"datePublished\":\"2019-06-13T09:12:37+00:00\",\"dateModified\":\"2024-08-19T13:18:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publications\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?post_type=publication\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Policy publication\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?publication-type=policy-publications\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Unlocking the strategic economic opportunity of clean and inclusive growth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\",\"name\":\"Grantham Research Institute on climate change and the environment\",\"description\":\"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Unlocking the strategic economic opportunity of clean and inclusive growth - Grantham Research Institute on climate change and the environment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth\/","og_locale":"en_GB","og_type":"article","og_title":"Unlocking the strategic economic opportunity of clean and inclusive growth - Grantham Research Institute on climate change and the environment","og_description":"Chapter in the Banque De France\u2019s Financial Stability Review no. 23 \u2013 June 2019.","og_url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth\/","og_site_name":"Grantham Research Institute on climate change and the environment","article_modified_time":"2024-08-19T13:18:36+00:00","twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth\/","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth\/","name":"Unlocking the strategic economic opportunity of clean and inclusive growth - Grantham Research Institute on climate change and the environment","isPartOf":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website"},"datePublished":"2019-06-13T09:12:37+00:00","dateModified":"2024-08-19T13:18:36+00:00","breadcrumb":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/unlocking-the-strategic-economic-opportunity-of-clean-and-inclusive-growth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/"},{"@type":"ListItem","position":2,"name":"Publications","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication"},{"@type":"ListItem","position":3,"name":"Policy publication","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?publication-type=policy-publications"},{"@type":"ListItem","position":4,"name":"Unlocking the strategic economic opportunity of clean and inclusive growth"}]},{"@type":"WebSite","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/","name":"Grantham Research Institute on climate change and the environment","description":"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"taxonomies":{"post_tag":["financial stability","France","sustainable finance"],"publication-type":["Policy publication"],"topic_area":["Adaptation and resilience"]},"_links":{"self":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/45607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication"}],"about":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/types\/publication"}],"author":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/users\/12"}],"version-history":[{"count":1,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/45607\/revisions"}],"predecessor-version":[{"id":74027,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/45607\/revisions\/74027"}],"wp:attachment":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media?parent=45607"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/tags?post=45607"},{"taxonomy":"publication-type","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication-type?post=45607"},{"taxonomy":"topic_area","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/topic_area?post=45607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}