| Author (Corporate) | Institutional Investors Group on Climate Change |
|---|---|
| Publisher | IIGCC |
| Publication Date | September 2016 |
| Content Type | Report |
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The costs and benefits of the low-carbon transition and the orderliness of the change, will depend on how well the financial system and the real economy anticipate and encourage the shift. Financial regulation needs to enable and facilitate the changes occurring in the real economy as a consequence of the 2030 framework, technology innovation, and the emergence of new business models. IIGCC has continuously called for European leadership on climate change and calls in this paper for reforms to the EU Capital Markets Union sufficient to ensure climate risk is fully reflected in the price of risk so that capital is encouraged to embrace the opportunities presented by the EU's own 2030 climate policy regime. |
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| Source Link | Link to Main Source http://www.iigcc.org/publications/publication/improving-the-pricing-of-risk-aligning-the-eu-financial-system-and-climate |
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| Subject Categories | Business and Industry, Environment |
| Countries / Regions | Europe |
