Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy

Is Socially Responsible Investing (SRI) in Stocks a Competitive Capital Investment? A Comparative Analysis Based on the Performance of Sustainable Stocks

“…The allocation of external capital by bank lending, market debt and market equity plays a decisive role in turning the economy more sustainable. However, banks still shun investments in low-carbon activities despite carbon pricing and continue financing fossil fuel energy capacity (Campiglio, 2015).…”

Diverse Effects of Consumer Credit on Household Carbon Emissions at Quantiles: Evidence from Urban China

“…Then, banks decide the credit line or lend quota to household or individual according to the carbon emission levels in consumption behaviors. To arouse banks to do this, government should provide some pollution control instruments [52]. The instruments should encourage banks to give more credit to the low-carbon behaviors or persons but give less credit to the high-carbon ones.…”

An ‘equal effort’ approach to assessing the North–South climate finance gap

“…To complement carbon pricing, or to substitute for it when it would be politically infeasible or economically detrimental to introduce it, there is a wide variety of other policy instruments that can be employed, including de-risking government instruments, 'green' industrial policies and financial regulation (Campiglio 2015;Fay et al 2013;Hourcade et al 2012;WEF 2013). Additionally, it is essential for governments of low-income countries to develop robust investment promotion strategies by improving their institutional and regulatory framework, as BRICS countries have been doing in recent years (Bayraktar 2013;UNCTAD 2013).…”