The economic analysis of how to design government policies to deal with climate change, be it through market for permits or taxes, is vast. In contrast, the analysis of the role of regulation and public finance in supporting a low-carbon transition and the role of capital markets in potentially mitigating the risks brought on or exacerbated by climate change is rather limited.
This course aims to provide students/participants with the knowledge and understanding of how to quantify the scale of the challenge in terms of the capital flows to be mobilized, the value of assets at risk and the levels of alignment with climate, finance for sustainability goals, the challenges in integrating climate risk into existing financial supervisory frameworks, and the role of the public sector in mobilizing and supervising private sector finance. The course will also demonstrates how to translate sustainability into financial culture in terms of purpose, skills, operational techniques and incentives.
Luca Taschini is an Associate Professorial Research Fellow at the Grantham Research Institute at the London School of Economics. He is also an Assistant Professor at the Department of Economics at the University of Verona. Professor Taschini obtained his PhD in Finance (2009) at the University of Zurich, Switzerland.
He is a member of the CESifo Energy and Climate Economics Research Group in Munich, Germany, and Visiting Scholar at the Research Center for Sustainability Science at Ritsumeikan University, Japan. His research is in the field of environmental economics, industrial organization and finance, with a focus on applied work.
Luca has provided regular advice on climate policy and energy to governments and regulatory bodies (the European Commission, World Bank Group, Asian Development Bank, NORAD and UK BEIS).