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Las finanzas del clima. Una revisión

Author

Listed:
  • Iker Larrea

    (Factor CO2)

  • Ibon Galarraga

    (BC3 y Metroeconomica)

  • Kepa Solaun

    (Factor CO2)

Abstract

The term «climate finance» refers to the need to provide financial resources to fight climate change, in terms of both mitigation and adaptation. Strictly speaking, climate finance refers to international commitments made by developed countries since 2009. From a theoretical point of view, climate finance opens interesting discussions with respect to the underlying reasons for «mitigation bias» (i.e. a preference for mitigation over adaptation), the global public good nature of adaptation to climate change and technology transfers as an alternative or supplement to financial transfers. From a practical point of view, climate finance is concerned with gradually factoring climate issues into the financial system by creating «green» products and including climate risks in the financial disclosure obligations.

Suggested Citation

  • Iker Larrea & Ibon Galarraga & Kepa Solaun, 2018. "Las finanzas del clima. Una revisión," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 93(01), pages 246-266.
  • Handle: RePEc:ekz:ekonoz:2018111
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    More about this item

    Keywords

    Paris agreement; UNFCCC; acuerdo de París; climate finances; finanzas del clima;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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