Abstract:Financial policy and sustainability can play a critical role in reducing the harmful effects of climate change and hastening the shift to a low‐carbon, more sustainable economy. Monetary policy can be used to encourage the creation of new technologies that can lower greenhouse gas (GHG) emissions, such as research and development (R&D) tax credits, government grants, and other types of financial assistance. These include targeted lending, green bonds, loan guarantees, weather‐indexed insurance, tax credits, fe… Show more
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