Climate-sensitive macroeconomic modeling will be a critical tool in this context. It could help to understand the impacts of climate change on national economies, and analyze economic vulnerabilities and long-term welfare effects. Further, it could help avoid maladaptation through efficient cross-sectoral and long-term planning. But is the macroeconomic discipline stepping up to this challenge?

One month after the conclusion of COP28, we want to discuss the bottlenecks in international climate finance and their underlying root causes.

What are the tools that the ECB aims to use to tackle climate change? With leading experts in the field, we will discuss these questions and explore how the ECB could support green investments despite high inflation.

Fighting global warming and strategically restructuring our economic system requires a massive investment of financial capital. There is a huge “green investment gap”, and even in the case that enough financial capital is provided, in which form should this be done? In this webinar, we have invited leading experts to discuss how finance can best play its role in driving change and avoiding greenwashing. We will explore risk and asset pricing, time horizons and information, and what barriers to change exist.

The European Union has decided to become climate-neutral by 2050, which would make it the first climate-neutral continent in the world. However, the member states have different abilities to finance the public investments needed to fund this green transition. The pandemic has even increased these differences. The big question looming over the Union’s plans is: who will pay for it, and how?