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climate finance materials 2021

Class Policies

Class 1 (March 8): The Idea of Sustainable Finance
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

Class 2 (March 15): Climate Change and Financial Stability
1. Financial Stability Board, The Implications of Climate Change for Financial Stability (Nov. 23, 2020)
2. Commodity Futures Trading Commission Climate-Related Market Risk Subcommittee of the Market Risk Advisory Committee (MRAC), Managing Climate Risk in the U.S. Financial System (Sep. 9, 2020) (196 pages – I will assign a portion of this document for class)
Optional Additional Reading:
Patrick Bolton, Morgan Després, Luiz Awazu Pereira da Silva, Frédéric Samama and Romain Svartzman, The Green Swan: Central Banking and Financial Stability in the Age of Climate Change Jan. 20, 2020 (115 pp)

Class 3 (March 22): Fossil Fuel Divestment

Class 4 (March 29): Securities Laws and Climate Related Financial Disclosures

Class 5 (April 5): Asset Management and Sustainable Finance

Class 6 (April 12): Insurance and Climate Change

Class 7 (April 19): Banking and Climate Change