{"id":63843,"date":"2022-07-19T12:00:16","date_gmt":"2022-07-19T11:00:16","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&#038;p=63843"},"modified":"2023-01-12T12:06:22","modified_gmt":"2023-01-12T12:06:22","slug":"macrofinancial-risks-of-the-transition-to-a-low-carbon-economy","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/macrofinancial-risks-of-the-transition-to-a-low-carbon-economy\/","title":{"rendered":"Macrofinancial risks of the transition to a low-carbon economy"},"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>A disorderly transition to a low-carbon economy may pose significant costs for both financial and nonfinancial firms through the stranding of physical assets, firms&rsquo; defaults, and volatility in asset prices. The spread of these disruptions through production and financial networks may exacerbate transition costs. Green financial and monetary policies may help to mitigate the cost of transitioning to a low-carbon future, but coordination among public institutions (governments, central banks, and financial supervisors) is needed. We discuss qualitative, empirical, modeling, policy, and institutional research on this topic and identify priorities for future research.<\/p>\n\n\n\n<p><strong>Emanuele Campiglio and Frederick van der Ploeg, Macrofinancial Risks of the Transition to a Low-Carbon Economy, <em>Review of Environmental Economics and Policy<\/em> 2022 16:2, 173-195<\/strong><\/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>The authors of this paper discuss qualitative, empirical, modeling, policy, and institutional research and identify priorities for future research.<\/p>\n\n","protected":false},"author":12,"featured_media":0,"template":"","tags":[2252,1032,802,86,1031],"publication-type":[436],"topic_area":[],"class_list":["post-63843","publication","type-publication","status-publish","hentry","tag-financial-risk","tag-green-finance","tag-low-carbon-economy","tag-risk","tag-transition-risk","publication-type-research-articles"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"show_translations_widget":{"ref_value":"field_6203d588c41e8","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":["emanuele-campiglio","frederick-van-der-ploeg"],"type":"relationship","post_type":"profile"},"article_link":{"ref_value":"field_52eee3c7f0586","value":"https:\/\/www.journals.uchicago.edu\/doi\/10.1086\/721016","type":false,"post_type":""},"article_link_title":{"ref_value":"field_5322399d89d42","value":"External link to paper","type":false,"post_type":""},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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