General

Asset Pools : General

Inquiry Publications

  • Towards a Performance Framework for a Sustainable Financial System

    Date: 29-Nov-2016

    This paper is intended to serve as a window on the Inquiry’s analytical approach, providing a deeper understanding of the unifying criteria for evaluation of multiple market designs for financial systems in a variety of economic, political and social settings. It is also intended to provide a foundation for investors and corporate management and policymakers,

  • 4th Update Report: The Coming Financial Climate

    Date: 07-May-2015

    This is the 4th Update Report of the UNEP Inquiry, it is focused on the challenge of financing the low-carbon transition. Many approaches and instruments will be needed to deliver the financing needed. Public finance, funded by tax revenues and international transfers, will provide part of the solution.  However such finance will be inadequate. Private

  • Government Subsidies to the Global Financial System

    Date: 25-Jul-2016

    The primary goal of the present study is to understand the character and to estimate the total value of subsidies, both direct and implicit, from governments to the private sector institutions that make up the global financial system. A secondary objective of this analysis is to deepen the understanding of the extent to which the existing

  • 1st Update Report: Invitation and Background

    Date: 07-Jun-2014

    This is the Inquiry’s first update report. It outlines the starting points and questions for the Inquiry. Key questions include: Tomorrow’s Financial System – What are the emerging dynamics in the financial system and the real economy which could be important for progress towards or away from a sustainable financial system?How do existing financial rules

  • Making the Jump

    Date: 29-Feb-2016

    This paper outlines the dynamics behind the financial regulatory paradigm shift that began in 2008-2009. It seeks to identify parallels with and differences from the slower moving, even more consequential, global climate change crisis, and the fitful, still under way, policy paradigm shift that the United Nations Environment Programme (UNEP) and other stakeholders are trying

  • Greening the Financial System: Exploring the Ways Forward

    Date: 01-Nov-2017

    This briefing summarises the discussions held during the “Greening the Financial System: Exploring the Ways Forward” event in Washington, D.C. on 12 October 2017. The goal of this convening, the fourth in the series, was to examine lessons from developing and implementing green finance initiatives over the last few years and to highlight successful examples

  • What Role for Financial Supervisors in Addressing Systemic Environmental Risks?

    Date: 15-Apr-2015

    Since the global financial crisis, financial supervisors have developed a new macroprudential policy framework: mechanisms to identify systemic financial imbalances and instruments to address these. At the same time, a literature is rapidly developing on financial shocks that may originate from ecological imbalances, triggered by either intensified environmental policies to protect ecological boundaries or due

  • China Green Finance Task Force Report: Environmental Cost Analysis

    Date: 02-Apr-2015

    China’s existing accounting system fails to effectively evaluate environmental costs, leading to them being interested in investment, commercial and policy decision-making. This paper sets out the case for creating a public non-profit environmental cost analysis system, to give access to environmental data and methodologies, and reduce the cost and information barriers to evaluating the true environmental cost of investment

  • China Report: A Framework for Green Finance

    Date: 06-Oct-2015

    The existence of externalities has made it hard to quantify the intrinsic value of the “green mountains and blue water” of the natural environment. This has led to a dysfunction in traditional financial markets, which are delivering an insufficient supply of capital for green development and an oversupply of capital for highly polluting activities. As a new financial

  • China Report: Demand for Green Finance

    Date: 06-Oct-2015

    This paper reviews the statistics on investment in fixed assets of key green sectors in China to date and estimates the demand for green finance over the next five years, from 2015 to 2020. It estimates over 3 per cent of GDP—RMB 1,642 billion (USD 260 billion)—was invested into core green industry and infrastructure sectors in 2012.

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