Climate

Role of central banks calls for rigorous societal debate

As well as in 2008, the very necessary, unavoidable actions of central banks now in the Covid-19 crisis have massive side effects: cheap money is fostering asset price inflation, fueling inequalities. At the same time, central banks are still disregarding climate risk in the way they treat fossil assets as collateral.

By Barbara Unmüßig

Compensating Indebted Countries for Keeping Fossil Fuels in the Ground

Fossil fuel development, in particular oil and gas, promised vast riches in the past. Today it is exposing fossil fuel producers and their creditors to a massive stranded asset risk. Technological disruption with the rapid cost-reduction of renewable energy and storage technologies, in conjunction with the inevitability of increased climate action, are at the root of unprecedented uncertainties over the future of the sector.

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Climate change and global finance: Is the financial sector reaching a tipping point?

Analyse

The financial industry also sees the climate crisis as a threat to future speculation profits. Industry giants like BlackRock are calling for an end to fossil fuels and siding with the environmental movement.

By Jörg Haas and Barbara Unmüßig

5 years later - Happy Birthday, Paris Agreement?

Analysis

December 12, 2020, will be the 5th anniversary of the adoption of the Paris Climate Agreement. This analysis provides important materials and pursues the questions: Where do we stand in dealing with the climate crisis? What false solutions must be avoided? And how can we push the urgently needed radical course change in pursuit of climate justice?

By Lili Fuhr, Linda Schneider , Liane Schalatek and Lisa Tostado

The Architecture for a Debt-for-Climate Initiative

This paper outlines some viable options for creating an architecture for a Debt-for-Climate Initiative (DCI). This is intended to enable countries to recover from the pandemic.

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