Financing the Transition
This paper presents a fictional Fast Track scenario, suggesting the key features of how a rapid transition to a low-carbon, resilient economy could play out in the financial system in terms of impacts on assets as well as on financial policy. This scenario helps to challenge some of today’s assumptions, notably that climate disruption is distant in time, largely driven by developed countries, has limited implications for financial authorities and is set apart from questions of financial culture and conduct.
This paper was presented at the Future Horizons conference, which was held in April 2017. The conference report and all the expert papers presented are available here.