Challenges of green finance in Latin

The climate crisis is showing a terminal character. It is widely recognised that climate change and financing are closely related, and that more funds are needed but that a fresh look is also needed. To think the problem of green financing in isolation does not work. Capital inflows coming into Lati...

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Autor principal: Stanley, Leonardo Ernesto
Publicado: Edward Elgar Publishing Limited 2024
Acceso en línea:https://nulan.mdp.edu.ar/id/eprint/4304/
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Nulan - Fac.Cs.Económicas (UNMdP) de Universidad Nacional de Mar del Plata (UNMdP)
id I29-R135-4304
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spelling I29-R135-43042025-05-15T12:53:37Z Challenges of green finance in Latin Stanley, Leonardo Ernesto The climate crisis is showing a terminal character. It is widely recognised that climate change and financing are closely related, and that more funds are needed but that a fresh look is also needed. To think the problem of green financing in isolation does not work. Capital inflows coming into Latin America are far from consistent with a pathway to a low-carbon emission and climate resilient development. Climate change and macroeconomics interactions can no longer be neglected, making imperative to evaluate a series of political proposals as old instruments might match new problems. However, when discussing ideas and instruments it is essential to recognise the specificity of Latin America. Macroprudential regulation should aim at preventing the generation of a "fossil asset bubble". Authorities should complement monetary tools with a new approach on foreign direct investment as to avoid "the risk of a more abrupt and widespread correction in financial markets as the financial risks from climate change should be re-evaluated". Edward Elgar Publishing Limited 2024 https://nulan.mdp.edu.ar/id/eprint/4304/ In Jäger, Johannes <https://nulan.mdp.edu.ar/view/creators/J=E4ger=3AJohannes=3A=3A.html> y Dziwok, Ewa <https://nulan.mdp.edu.ar/view/creators/Dziwok=3AEwa=3A=3A.html> (Eds.), Understanding green finance. A critical assessment and alternative perspectives (pp. 88-100). Cheltenham: Edward Elgar Publishing Limited (Understanding series). ISBN 978-1-80392-754-1. 10.4337/9781803927558.00015 <https://doi.org/10.4337/9781803927558.00015> info:eu-repo/semantics/altIdentifier/doi/10.4337/9781803927558.00015
institution Universidad Nacional de Mar del Plata (UNMdP)
institution_str I-29
repository_str R-135
collection Nulan - Fac.Cs.Económicas (UNMdP)
description The climate crisis is showing a terminal character. It is widely recognised that climate change and financing are closely related, and that more funds are needed but that a fresh look is also needed. To think the problem of green financing in isolation does not work. Capital inflows coming into Latin America are far from consistent with a pathway to a low-carbon emission and climate resilient development. Climate change and macroeconomics interactions can no longer be neglected, making imperative to evaluate a series of political proposals as old instruments might match new problems. However, when discussing ideas and instruments it is essential to recognise the specificity of Latin America. Macroprudential regulation should aim at preventing the generation of a "fossil asset bubble". Authorities should complement monetary tools with a new approach on foreign direct investment as to avoid "the risk of a more abrupt and widespread correction in financial markets as the financial risks from climate change should be re-evaluated".
author Stanley, Leonardo Ernesto
spellingShingle Stanley, Leonardo Ernesto
Challenges of green finance in Latin
author_facet Stanley, Leonardo Ernesto
author_sort Stanley, Leonardo Ernesto
title Challenges of green finance in Latin
title_short Challenges of green finance in Latin
title_full Challenges of green finance in Latin
title_fullStr Challenges of green finance in Latin
title_full_unstemmed Challenges of green finance in Latin
title_sort challenges of green finance in latin
publisher Edward Elgar Publishing Limited
publishDate 2024
url https://nulan.mdp.edu.ar/id/eprint/4304/
work_keys_str_mv AT stanleyleonardoernesto challengesofgreenfinanceinlatin
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