The Covid 19 pandemic triggered a major economic crisis, and the emergency treatment of this crisis relied heavily on the massive use of fiscal and monetary instruments already widely used during the 2008 crisis. But financial regulation was also mobilized in order to preserve bank financing for economic players. This illustrates the different facets of the use of financial regulation: primarily intended to ensure the efficient functioning of financial markets and financial stability, it can also be used with economic policy objectives. While the priority now is to organise a revival of activities that takes into account the requirements of the fight against climate change, I4CE invites you to discover the role that financial regulators play and could play in the future to help the financial sector respond to the climate emergency.
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Financial regulation and “green recovery”
Financial regulation has a role to play in the "green recovery". This is the point of view defended by Michel Cardona of I4CE. Beyond the actions to be taken immediately by supervisors, he calls for a debate on the use of certain regulatory tools to proactively direct financing flows to the economic sectors needed for the low-carbon transition.
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What role for financial regulation to help the low-carbon transition?
Are the links between financial regulation and climate change unclear to you? In this new study, I4CE explains the main objectives of financial regulation and provides an overview of the instruments available to regulators to help financial actors respond to the climate change challenge. The study also highlights the challenges of implementing these instruments and identifies those that need to be used in the short term, and those that need more time to be mobilised.
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Video: #FinancialRegulation
Julie Evain from I4CE explains, in this two minutes video, the main lessons of the latest I4CE study. A video to watch for a first discovery of the issues at the crossroads of financial regulation and the fight against climate change.
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Webinar
A webinar on the subject co-organized with I4CE and FC4S will be organised in the coming weeks. Further information to be announced soon.
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