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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 odf 2020 and am offering it again in Spring 2021.

I am looking forward to beginning this class on Monday March 8. I will schedule the zoom meeting sessions through Blackboard. Reading materials are available via this blog.

My aim for the first class session is to begin to think about sustainable finance, a topic which is becoming more and more visible in the financial press. The readings I have assigned for this first session are authored by different actors: it is interesting to note that business groups are talking about issues of the climate and finance in similar ways to some governmental actors.

I’d like to begin by learning about you and your background and interests in this area. If you have chosen to take this class it is quite likely that you have a familiarity with environmental law and sustainability already. But you may be coming to this class with a background in finance or business law more generally. In a 1 credit class we cannot learn everything that could be learned about the subject of climate change and climate finance. But we can study some important aspects of the relationship between climate change and financial activity, relating to how financial institutions are changing their behaviors to become more sustainable. We will also examine whether some of the claims financial firms make exaggerate what is really happening on the ground.

Please read the Class Policies.

March 8: The Idea of Sustainable Finance
Readings for class on March 8
There are 5 assigned readings, and I have provided two other references to optional materials which I do not propose to cover in the class session, but which you may find interesting.

1.United Nations, Financing Climate Action

2. Lael Brainard, Member of Board of Governors of the Federal Reserve Board, The Role of Financial Institutions in Tackling the Challenges of Climate Change (Feb. 18, 2021)

3. US Climate Finance Working Group. Financing a US Transition to a Sustainable Low-Carbon Economy (Feb. 17, 2021)

4. EU Commission, Annual Sustainable Growth Strategy 2021 (Sep. 17, 2020)

5. Neil Gunningham, A Quiet Revolution, Central Banks, Financial Regulators and Climate Finance, Sustainability (2020)

Optional Additional Reading:
Boston Consulting Group, GFMA, AFME, ASIFMA & SIFMA, Climate Finance Markets and the Real Economy (Jan 2021)
EU Commission, Overview of Sustainable Finance