Green Finance and Sustainable Development – What policies can achieve?

Climate change stands as the most significant challenge of our era, necessitating a re-evaluation of the connection between finance and the tangible economy. Consequently, it is now crucial for both public and private financial sectors to facilitate the necessary transition towards a future that is sustainable and resilient for everyone. Although there have been increasing discussions on this subject (as summarised in Edmans and Kacperczyk, Review of Finance, 2022), certain gaps persist. To delve deeper into the advantages and disadvantages of sustainable finance and responsible investment, this workshop brings together researchers who are engaged with the pressing concerns, allowing us to explore the potential of public policies in promoting green finance and development.

Speakers

• Marco Ceccarelli (VU, Amsterdam with effect from June 2023): “Catering through Transparency: Voluntary ESG Disclosure by Asset Managers and Fund Flows”.
• Ning Gao  (University of Manchester – paper co-authored with Wenfeng Wu, Chang Yang) – “Renewable Energy Transition and the Value of Cash”.
• Christophe Shiller (Arizona State University; paper co-authored with Laura Lindsey and Seth Pruitt)- “The Cost of ESG Investing”.

Discussion

• Policy discussion: Ulrich Volz (SOAS, University of London): "Scaling up Sustainable Finance and Investment in the Global South." 
• This discussion will be based on Ulrich’s recent book published by the CEPR: https://cepr.org/publications/books-and-reports/scaling-sustainable-finance-and-investment-global-south