Climate Finance & Macroeconomics

Climate Finance & Macroeconomics

The financial and macro-economic repercussions of environmental challenges and mitigation strategies are key for designing a sustainable transition.

Our work

We use numerical models to quantify the impacts of climate change on the real economy and its interdependence with the financial sector. We develop both macroeconomic general equilibrium and agent-based models to assess the direct and higher-order costs of climate change. Particular emphasis is given to the representation of autonomous market-driven adaptation mechanisms, i.e. those systemic interactions across markets and agents able to propagating, amplifying or smoothing initial impacts. We examine the physical and transition risks for the financial sector and evaluate macro-prudential policies to alleviate them.

ONGOING
SMOOTH

Sustainable Finance for a Smooth Low-Carbon Transition

ONGOING
COACCH

CO-designing the Assessment of Climate CHange costs

CLOSED
TIMES-CGE

Soft-link methodology and interface

DSK

Dystopian Schumpeter Meeting Keynes climate-economy agent-based model

An agent based integrated assessment model for climate impacts and the study of climate fiscal and monetary policies.

ICES

Inter-temporal Computable Equilibrium System

A model to assess impacts of climate change on the economic system and to study mitigation and adaptation policies