IDEAS home Printed from https://ideas.repec.org/a/spr/eurase/v14y2024i1d10.1007_s40822-024-00265-z.html
   My bibliography  Save this article

Macro-financial policy at the crossroad: addressing climate change, biodiversity loss, and environmental degradation - introduction to the special issue

Author

Listed:
  • Paola D’Orazio

    (Technische Universität Chemnitz)

  • Dorothea Schäfer

    (DIW - German Institute for Economic Research
    Jönköping University
    iaw, University Bremen)

  • Andreas Stephan

    (Linnaeus University Sweden)

Abstract

This special issue of the Eurasian Economic Review delves into the critical relationships between macro-financial policy frameworks and environmental sustainability, emphasizing the urgent challenges posed by climate change, biodiversity loss, and environmental degradation. These environmental crises pose significant threats to global economic and financial stability, underscoring the necessity of integrating environmental considerations into macro-financial policies to foster sustainability and resilience in economic policymaking. Through a collection of research papers, this issue explores innovative strategies for developing comprehensive policy frameworks that harmonize monetary, financial, and fiscal policies with environmental objectives. It emphasizes the need for advanced methods to assess and manage the financial risks of climate change and environmental degradation. Underscoring the need for a multidisciplinary approach, the research advocates for the collaboration of economists, environmental scientists, policymakers, and stakeholders to develop effective macro-financial policies. These policies aim to mitigate environmental risks, enhance environmental sustainability, and preserve biodiversity. The issue calls for further research to refine models that accurately predict the macro-financial impacts of environmental risks and assess the effectiveness of policy measures, paving the way for a sustainable future in the face of escalating environmental challenges.

Suggested Citation

  • Paola D’Orazio & Dorothea Schäfer & Andreas Stephan, 2024. "Macro-financial policy at the crossroad: addressing climate change, biodiversity loss, and environmental degradation - introduction to the special issue," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(1), pages 1-11, March.
    • Handle: RePEc:spr:eurase:v:14:y:2024:i:1:d:10.1007_s40822-024-00265-z
    DOI: 10.1007/s40822-024-00265-z
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s40822-024-00265-z
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s40822-024-00265-z?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Ion Frecautan & Irina Ivashkovskaya, 2024. "Is corporate governance important for green bond performance in emerging capital markets?," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(1), pages 175-212, March.
    2. Thomas Wiedmann & Manfred Lenzen & Lorenz T. Keyßer & Julia K. Steinberger, 2020. "Scientists’ warning on affluence," Nature Communications, Nature, vol. 11(1), pages 1-10, December.
    3. Emanuele Campiglio & Frederick van der Ploeg, 2022. "Macrofinancial Risks of the Transition to a Low-Carbon Economy," Review of Environmental Economics and Policy, University of Chicago Press, vol. 16(2), pages 173-195.
    4. Angela Köppl & Margit Schratzenstaller, 2024. "Macroeconomic effects of green recovery programs," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(1), pages 61-86, March.
    5. Miria A. Pigato, 2019. "Fiscal Policies for Development and Climate Action," World Bank Publications - Books, The World Bank Group, number 31051, April.
    6. Samuel Mutarindwa & Dorothea Schäfer & Andreas Stephan, 2024. "Certification against greenwashing in nascent bond markets: lessons from African ESG bonds," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(1), pages 149-173, March.
    7. Annarita Colasante & Andrea Morone & Piergiuseppe Morone, 2024. "The importance of the Greenium: experimental evidence on the role of certifications," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(1), pages 121-148, March.
    8. Chukwumerije Okereke, 2010. "Climate justice and the international regime," Wiley Interdisciplinary Reviews: Climate Change, John Wiley & Sons, vol. 1(3), pages 462-474, May.
    9. Maurizio Solari & Alexandre Le Bloc’h & Sergio Rossi, 2024. "Ecological transition in a monetary economy of production: a heterodox approach," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(1), pages 13-37, March.
    10. Acheampong, Alex O. & Opoku, Eric Evans Osei, 2023. "Environmental degradation and economic growth: Investigating linkages and potential pathways," Energy Economics, Elsevier, vol. 123(C).
    11. Md. Bokhtiar Hasan & Md. Mamunur Rashid & Tapan Sarker & Muhammad Shafiullah, 2024. "Exploring the determinants of green bond market development in Bangladesh," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(1), pages 213-233, March.
    12. David Tilman & Michael Clark & David R. Williams & Kaitlin Kimmel & Stephen Polasky & Craig Packer, 2017. "Future threats to biodiversity and pathways to their prevention," Nature, Nature, vol. 546(7656), pages 73-81, June.
    13. Nicolás Aguila & Joscha Wullweber, 2024. "Greener and cheaper: green monetary policy in the era of inflation and high interest rates," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(1), pages 39-60, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Felician A. Kitole & Jennifer K. Sesabo & Olufunmilola F. Adesiyan & A. O. Ige & Temitope O. Ojo & Chijioke U. Emenike & Nolwazi Z. Khumalo & Hazem S. Kassem & Khalid M. Elhindi, 2024. "Greening the Growth: A Comprehensive Analysis of Globalization, Economic Performance, and Environmental Degradation in Tanzania," Sustainability, MDPI, vol. 16(24), pages 1-19, December.
    2. Kristian Steensen Nielsen & Theresa M. Marteau & Jan M. Bauer & Richard B. Bradbury & Steven Broad & Gayle Burgess & Mark Burgman & Hilary Byerly & Susan Clayton & Dulce Espelosin & Paul J. Ferraro & , 2021. "Biodiversity conservation as a promising frontier for behavioural science," Nature Human Behaviour, Nature, vol. 5(5), pages 550-556, May.
    3. Risa Arai & Martin Calisto Friant & Walter J. V. Vermeulen, 2024. "The Japanese Circular Economy and Sound Material-Cycle Society Policies: Discourse and Policy Analysis," Circular Economy and Sustainability, Springer, vol. 4(1), pages 619-650, March.
    4. Castro, Damaris & Bleys, Brent, 2023. "Do people think they have enough? A subjective income sufficiency assessment," Ecological Economics, Elsevier, vol. 205(C).
    5. Hametner, Markus, 2022. "Economics without ecology: How the SDGs fail to align socioeconomic development with environmental sustainability," Ecological Economics, Elsevier, vol. 199(C).
    6. Muhallil Abtahee & Afra Anika Islam & Md. Nazmul Haque & Hasan Zonaed & Samiha Mahzabin Ritu & Sk Md Imdadul Islam & Atiq Zaman, 2023. "Mapping Ecotourism Potential in Bangladesh: The Integration of an Analytical Hierarchy Algorithm and Geospatial Data," Sustainability, MDPI, vol. 15(15), pages 1-28, July.
    7. Kola Benson Ajeigbe & Fortune Ganda, 2024. "Leveraging Food Security and Environmental Sustainability in Achieving Sustainable Development Goals: Evidence from a Global Perspective," Sustainability, MDPI, vol. 16(18), pages 1-22, September.
    8. Partnership for Market Readiness, 2021. "Beyond Mitigation," World Bank Publications - Reports 35624, The World Bank Group.
    9. World Bank Group, 2023. "Mobilizing Private Finance for Nature," World Bank Publications - Reports 40393, The World Bank Group.
    10. Goggins, Gary & Rau, Henrike & Moran, Paul & Fahy, Frances & Goggins, Jamie, 2022. "The role of culture in advancing sustainable energy policy and practice," Energy Policy, Elsevier, vol. 167(C).
    11. Marie Lassalas & Sabine Duvaleix & Laure Latruffe, 2024. "The technical and economic effects of biodiversity standards on wheat production," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 51(2), pages 275-308.
    12. Mariana Oliveira & Mécia Miguel & Sven Kevin Langen & Amos Ncube & Amalia Zucaro & Gabriella Fiorentino & Renato Passaro & Remo Santagata & Nick Coleman & Benjamin H. Lowe & Sergio Ulgiati & Andrea Ge, 2021. "Circular Economy and the Transition to a Sustainable Society: Integrated Assessment Methods for a New Paradigm," Circular Economy and Sustainability, Springer, vol. 1(1), pages 99-113, June.
    13. Guangdong Li & Chuanglin Fang & James E. M. Watson & Siao Sun & Wei Qi & Zhenbo Wang & Jianguo Liu, 2024. "Mixed effectiveness of global protected areas in resisting habitat loss," Nature Communications, Nature, vol. 15(1), pages 1-17, December.
    14. Infante-Amate, Juan & Travieso, Emiliano & Aguilera, Eduardo, 2024. "Unsustainable prosperity? Decoupling wellbeing, economic growth, and greenhouse gas emissions over the past 150 years," World Development, Elsevier, vol. 184(C).
    15. Assoumou, Edi & McIsaac, Florent, 2022. "Côte d'Ivoire's electricity challenge in 2050: Reconciling economic development and climate commitments," Energy Policy, Elsevier, vol. 160(C).
    16. Vaugeois, Maxime & Venturelli, Paul A. & Hummel, Stephanie L. & Accolla, Chiara & Forbes, Valery E., 2020. "Population context matters: Predicting the effects of metabolic stress mediated by food availability and predation with an agent- and energy budget-based model," Ecological Modelling, Elsevier, vol. 416(C).
    17. Koskimäki, Teemu, 2023. "Targeting socioeconomic transformations to achieve global sustainability," Ecological Economics, Elsevier, vol. 211(C).
    18. Rachel Mazac & Hanna L. Tuomisto, 2020. "The Post-Anthropocene Diet: Navigating Future Diets for Sustainable Food Systems," Sustainability, MDPI, vol. 12(6), pages 1-15, March.
    19. Fanning, Andrew L. & Hickel, Jason, 2023. "Compensation for atmospheric appropriation," LSE Research Online Documents on Economics 119717, London School of Economics and Political Science, LSE Library.
    20. Wu, Tong & Rocha, Juan C. & Berry, Kevin & Chaigneau, Tomas & Hamann, Maike & Lindkvist, Emilie & Qiu, Jiangxiao & Schill, Caroline & Shepon, Alon & Crépin, Anne-Sophie & Folke, Carl, 2024. "Triple Bottom Line or Trilemma? Global Tradeoffs Between Prosperity, Inequality, and the Environment," World Development, Elsevier, vol. 178(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:eurase:v:14:y:2024:i:1:d:10.1007_s40822-024-00265-z. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.