A mechanism of carbon “bonus-malus” is proposed, where the average emission rate of world countries serves as the anchor: above the threshold, countries should pay a malus, under this level, they would receive a bonus.

2015 constitue une échéance cruciale pour les négociations internationales sur le climat, ce second billet permet de comprendre le processus en cours afin de mieux anticiper ce qui peut être attendu de la COP21.

2015 constitue une échéance cruciale pour les négociations internationales sur le climat, ce premier billet permet de rappeler les évolutions récentes qui ont marqué les négociations ces dernières années.

Low interest rates tend to favor ‘green technologies’ competitiveness while also increasing their cost volatility.

This paper seeks to bring a historical perspective to current global financial architecture issues on the speed and scale of climate finance needed to achieve a safer two degrees world. We look back in history to a similar episode for lessons: the financing and building of railroads in the 19th century.

An argument in favor of Green infrastructure Quantitative Easing (GIQE).

A new UN Climate agreement will probably be signed by the end of this year with some incremental progress but even inveterate optimists like myself don’t believe it will be capable of ‘bridging the gap’ between the maximum that 196 governments can agree upon by consensus...

Financial shocks can originate from ecological imbalances what justifies more careful attention by the financial regulators to this specific risk. A new macroprudential framework is proposed.

Three factors hold back low-carbon investment in Europe: the risk/return profile of low-carbon investment projects, regulatory and behavioural features in the financial sector and a more global political economy context. These are key issues to create an investment climate for climate investment.

Four guide-posts for efficient low-carbon finance are proposed: remove subsidies for high-carbon technologies, improve the cost-effectiveness of low-carbon subsidies, encourage private sector innovation, and maintain transparent public policy tools that support cost-benefit accounting.