Climate-related financial policy index
- This study presents a composite index for assessing, quantifying, and comparing international engagement based on evidence that countries have been globally committed – to varying degrees – to climate-related financial policymaking in recent decades. The proposed investigation aims to promote awareness about countries’ global engagement and identify gaps in climate-related financial policy. Using a standardised metric, researchers and policymakers can use the generated climate-related financial policy index (CRFPI) to compare international commitment to climate-related financial policymaking. Emerging economies are the most engaged in green financial policymaking, although they report the highest within-group variability, indicating no standard or general approach to "greening" the financial system. The index demonstrates a location effect, as most jurisdictions with high CRFPIs are in Asia-Pacific and North Europe. Brazil, China, France, Indonesia, and South Korea had the highest scores among G20 countries. After examining several aggregation approaches, the findings appear to be robust overall.
| Author: | Paola D'OrazioORCiDGND, Steffen TholeGND |
|---|---|
| URN: | urn:nbn:de:hbz:294-102318 |
| DOI: | https://doi.org/10.1016/j.ecolind.2022.109065 |
| Parent Title (English): | Ecological indicators |
| Subtitle (English): | a composite index to compare the engagement in green financial policymaking at the global level |
| Publisher: | Elsevier Science |
| Place of publication: | Amsterdam, Niederlande |
| Document Type: | Article |
| Language: | English |
| Date of Publication (online): | 2023/10/17 |
| Date of first Publication: | 2022/06/20 |
| Publishing Institution: | Ruhr-Universität Bochum, Universitätsbibliothek |
| Tag: | Open Access Fonds Climate risks; Climate-related financial policies; Composite index; Financial stability; Low-carbon transition |
| Volume: | 141 |
| Issue: | Article 109065 |
| First Page: | 109065-1 |
| Last Page: | 109065-17 |
| Note: | Article Processing Charge funded by the Deutsche Forschungsgemeinschaft (DFG) and the Open Access Publication Fund of Ruhr-Universität Bochum. |
| Institutes/Facilities: | Lehrstuhl für Makroökonomik |
| Dewey Decimal Classification: | Sozialwissenschaften / Wirtschaft |
| open_access (DINI-Set): | open_access |
| faculties: | Fakultät für Wirtschaftswissenschaft |
| Licence (English): |  Creative Commons - CC BY-NC-ND 4.0 - Attribution-NonCommercial-NoDerivatives 4.0 International |
