Macro-Financial Aspects of Climate Change

Feyen, Erik; Utz, Robert Johann; Huertas, Igor Esteban Zuccardi; Bogdan, Olena; Moon, Jisung

doi:10.1596/1813-9450-9109

Cited by 28 publications

(27 citation statements)

References 14 publications

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“…However, lending spread and banking concentration would decrease the value of this dimension of FSI. Bank lending-deposit spread is a measurement of efficiency of financial intermediation and higher spread represents inefficiency of intermediation (Nasreen et al , 2017) while banking concentration is a measure of dispersion in the financial sector and higher banking concentration means reducing dispersion in the financial sector which indicates poor financial development (Gadanecz and Jayaram, 2009).…”

Section: Methodsmentioning

confidence: 99%

The impact of green growth on financial stability

Jadoon

Mumtaz

Sheikh

et al. 2021

JFRC

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Purpose The international institutions, policymakers and governments are promoting green growth as a policy objective for global financial stability (FS) without sound empirical investigation. Therefore, the purpose of this study is to investigate whether the green economy would be successful in achieving its main objective i.e. stabilizing the world financial system because the investment stakes are too high for this green transition. Design/methodology/approach The study used the two-step system generalized method of moments (GMM) methodology on panel data of 90 countries for 6 years from 2010 to 2015 to investigate the impact of green growth economy on FS. Findings The results of the current study revealed that overall green growth enhanced FS in the country for both the short and long run. However, the social inclusive dimension of green growth was irrelevant in creating FS. Research limitations/implications The results of the current study validate the growth-led finance hypothesis and encourage the policymakers to strengthen the policy initiative for green growth. Because green growth mitigates economic and environmental risk to create a stable financial environment. However, social inclusiveness needs to be explored through alternate paradigm in relevance to FS. Originality/value As per the author’s knowledge, it is a pioneer study to empirically investigate the impact of green growth on FS which would be useful in understanding the green growth and FS dynamics.

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Section: Methodsmentioning

confidence: 99%

The impact of green growth on financial stability

Jadoon

Mumtaz

Sheikh

et al. 2021

JFRC

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“…Robinson [39,75]. The development of the research associated with this instrument is summarized in several kinds of literature: Robinson was the first scientist who characterized the development and expansion of this field [2][3][4][5][6], and, further, only a few analytical readings and the experimental work of Brazier. Within a short time after this preliminary period, two investment contracts were signed.…”

Section: Cup Anemometermentioning

confidence: 99%

“…Indeed, energy is fundamental to providing sufficient services such as food, primary healthcare, water, education, communication, and reasonable employment. The majority of electricity used by our societies has been generated from fossil and nuclear fuels, which are today facing severe issues, such as diminished supply and security, financial affordability, ecological sustainability and disaster hazards [4,5]. For fix these undesirable issues, many countries are enacting sustainable energy policies to focus on increasing, integrating and developing renewable energy technologies.…”

Section: Introductionmentioning

confidence: 99%

“…For fix these undesirable issues, many countries are enacting sustainable energy policies to focus on increasing, integrating and developing renewable energy technologies. Resources are increasing significantly in the energy mix around the globe [4,6]. Among renewable energy resources, the wind is one of the oldest renewable sources used for power generation worldwide.…”

Section: Introductionmentioning

confidence: 99%

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Wind Generation Forecasting Methods and Proliferation of Artificial Neural Network: A Review of Five Years Research Trend

et al. 2020

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To sustain a clean environment by reducing fossil fuels-based energies and increasing the integration of renewable-based energy sources, i.e., wind and solar power, have become the national policy for many countries. The increasing demand for renewable energy sources, such as wind, has created interest in the economic and technical issues related to the integration into the power grids. Having an intermittent nature and wind generation forecasting is a crucial aspect of ensuring the optimum grid control and design in power plants. Accurate forecasting provides essential information to empower grid operators and system designers in generating an optimal wind power plant, and to balance the power supply and demand. In this paper, we present an extensive review of wind forecasting methods and the artificial neural network (ANN) prolific in this regard. The instrument used to measure wind assimilation is analyzed and discussed, accurately, in studies that were published from May 1st, 2014 to May 1st, 2018. The results of the review demonstrate the increased application of ANN into wind power generation forecasting. Considering the component limitation of other systems, the trend of deploying the ANN and its hybrid systems are more attractive than other individual methods. The review further revealed that high forecasting accuracy could be achieved through proper handling and calibration of the wind-forecasting instrument and method.

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“…It should be noted that in scientific literature, the term "physical risks" is also used to denote direct risks (impact factors), and the term "transition risks" to a green, low-carbon economy is used to denote indirect ones (see, for example,[10]). …”

mentioning

confidence: 99%

Climate Change as a Factor in the Development of Companies: Corporate Strategies and Guidelines for State Industrial Policy

Terent’ev

2021

Stud. Russ. Econ. Dev.

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In recent years, the problem of global climate change has become one of the significant challenges for ensuring the sustainability of the functioning and growth in the market value of the world's leading industrial companies. Based on the latest data, the article describes the scale and impact of climate change on the development of companies and also considers some corporate strategies for reducing climate risks and adapting to the consequences of climate change. It is shown that, acting as a significant factor in the financial losses of business, the growing climate change, at the same time, indirectly contribute to the acceleration of the environmentally oriented transformation of corporate management systems and technological modernization of production complexes, creating, in conjunction with other technological and production trends, new sources of long-term competitiveness and market value. The article presents the characteristics of the priorities in the state industrial policy in the context of climate change.

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Macro-Financial Aspects of Climate Change

Cited by 28 publications

References 14 publications

The impact of green growth on financial stability

The impact of green growth on financial stability

Wind Generation Forecasting Methods and Proliferation of Artificial Neural Network: A Review of Five Years Research Trend

Climate Change as a Factor in the Development of Companies: Corporate Strategies and Guidelines for State Industrial Policy

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