Climate Change and Green Finance

The course will cover the channels through which climate change affects the economy and financial markets, different climate change scenarios and especially the impact of climate change on the financial system. It will present methods for identification and assessment of climate risks to banks and other financial institutions (e.g. stress testing exercises) and discuss macroprudential instruments to tackle climate related risks. It will also present ways for funding the transition towards a climate-neutral economy and discuss recent policy proposals to that end.