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climate finance

This is the page for Caroline Bradley’s Climate Finance class at the University of Miami. I first offered this class in the Spring of 2020, then again in 2021. In Spring 2022 the class will be taught as a 2 credit seminar.

Here are the readings for the week 2
There is a lot of reading here, so for the purposes of class on Thursday feel free to focus on the divestment materials, although I also plan to talk about the other materials in class.

Unit 2: Fossil Fuels and Divestment
– Campaigns may induce legislators/regulators to change the rules
– Changing public opinion about an area might affect how judges think about particular legal issues
– The importance of governance that isn’t about legal rules but about norms of behavior: beyond any potential impact on legal rules divestment is about changing how investors and financial firms behave
– Levels of harm: coal, oil, liquid natural gas
Julie Ayling & Neil Gunningham, Non-state Governance and Climate Policy: the Fossil Fuel Divestment Movement, Climate Policy (2015)
Kate J. Neville, Shadows of Divestment: The Complications of Diverting Fossil Fuel Finance 20 Global Environmental Politics 3 (2020)
Mikko Rajavuori, Divestment of Fossil Fuel Assets (January 3, 2020). Forthcoming, Harro van Asselt & Michael Mehling (eds.), Research Handbook on Climate Finance and Investment Law. Edward Elgar 2021., Available at SSRN: https://ssrn.com/abstract=3724464
Auke Plantinga & Bert Scholtens The financial impact of fossil fuel divestment, 21 Climate Policy 107-119 (2021).

Unit 3: Measuring Carbon and Net Zero
Patrick Bolton, Marcin Kacperczyk, Christian Leuz, Gaizka Ormazabal, Stefan Reichelstein, Dirk Schoenmaker, Mandatory corporate carbon disclosures and the path to net zero, CEPR Policy Insight No 111 (2021) (download here)
James Dyke, Robert Watson & Wolfgang Knorr, Climate scientists: concept of net zero is a dangerous trap (Apr. 22, 2021)
Taskforce for Scaling Voluntary Carbon Markets, Phase II Report (Jul. 2021)
International Energy Agency, Net Zero by 2050: A Roadmap for the Global Energy Sector (2021)
Global Cement and Concrete Association (GCCA), GCCA 2050 Cement and Concrete Industry Roadmap for Net Zero Concrete

January 25: Lecture: Writing a Paper 2
Example of a climate finance paper