IDEAS home Printed from https://ideas.repec.org/a/wsi/jeapmx/v14y2012i03ns1464333212500172.html
   My bibliography  Save this article

How To Sensitize The Financial Industry To Resource Efficiency Considerations And Climate Change Related Risks

Author

Listed:
  • MATHIAS ONISCHKA

    (Sustainable Production and Consumption Department, Wuppertal Institute for Climate, Environment, Energy, Döppersberg 19, 42103 Wuppertal, Germany)

  • CHRISTA LIEDTKE

    (Sustainable Production and Consumption Department, Wuppertal Institute for Climate, Environment, Energy, Döppersberg 19, 42103 Wuppertal, Germany)

  • NINO DAVID JORDAN

    (Sustainable Production and Consumption Department, Wuppertal Institute for Climate, Environment, Energy, Döppersberg 19, 42103 Wuppertal, Germany)

Abstract

Increasing resource efficiency can potentially deliver important economic and environmental benefits. Many of these benefits are regularly foregone because the financial sector's capacity to adequately take the opportunities and risks arising from resource utilization and related climate change aspects into account has so far remained relatively undeveloped. Focusing on the case of Germany, a number of barriers to the inclusion of resource efficiency and climate change aspects into financial services' considerations are presented. Corresponding measures for improving the capacity of the financial sector to better integrate resource efficiency considerations and climate change related risks into its operating procedures are introduced. The measures encompass the areas of risk controlling, company reporting, institutional reporting requirements, as well as additional supporting measures.

Suggested Citation

  • Mathias Onischka & Christa Liedtke & Nino David Jordan, 2012. "How To Sensitize The Financial Industry To Resource Efficiency Considerations And Climate Change Related Risks," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 14(03), pages 1-26.
    • Handle: RePEc:wsi:jeapmx:v:14:y:2012:i:03:n:s1464333212500172
    DOI: 10.1142/S1464333212500172
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S1464333212500172
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S1464333212500172?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. Robert U. Ayres & Benjamin Warr, 2009. "The Economic Growth Engine," Books, Edward Elgar Publishing, number 13324.
    2. Krause, Jette, 2007. "Agricultural yield expectations under climate change - a Bayesian approach," 101st Seminar, July 5-6, 2007, Berlin Germany 9273, European Association of Agricultural Economists.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. David Aristei & Manuela Gallo, 2021. "The Role of External Support on the Implementation of Resource Efficiency Actions: Evidence from European Manufacturing Firms," Sustainability, MDPI, vol. 13(17), pages 1-21, August.
    2. Christa Liedtke & Katrin Bienge & Klaus Wiesen & Jens Teubler & Kathrin Greiff & Michael Lettenmeier & Holger Rohn, 2014. "Resource Use in the Production and Consumption System—The MIPS Approach," Resources, MDPI, vol. 3(3), pages 1-31, August.
    3. Jun Rentschler & Raimund Bleischwitz & Florian Flachenecker, 2018. "On imperfect competition and market distortions: the causes of corporate under-investment in energy and material efficiency," International Economics and Economic Policy, Springer, vol. 15(1), pages 159-183, January.
    4. Ulrike Meinel & Karl-Michael Höferl, 2017. "Non-Adaptive Behavior in the Face of Climate Change: First Insights from a Behavioral Perspective Based on a Case Study among Firm Managers in Alpine Austria," Sustainability, MDPI, vol. 9(7), pages 1-18, June.

    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. Ulrich Witt & Christian Gross, 2020. "The rise of the “service economy” in the second half of the twentieth century and its energetic contingencies," Journal of Evolutionary Economics, Springer, vol. 30(2), pages 231-246, April.
    2. Seyhan, Demet & Weikard, Hans-Peter & van Ierland, Ekko, 2012. "An economic model of long-term phosphorus extraction and recycling," Resources, Conservation & Recycling, Elsevier, vol. 61(C), pages 103-108.
    3. Rezai, Armon & Stagl, Sigrid, 2016. "Ecological Macreconomics: Introduction and Review," Ecological Economic Papers 9, WU Vienna University of Economics and Business.
    4. Florian Fizaine & Victor Court, 2016. "The energy-economic growth relationship: a new insight from the EROI perspective," Working Papers 1601, Chaire Economie du climat.
    5. Dakpogan, Arnaud & Smit, Eon, 2018. "The effect of electricity losses on GDP in Benin," MPRA Paper 89545, University Library of Munich, Germany.
    6. Emmanuel Bovari & Victor Court, 2019. "Energy, knowledge, and demo-economic development in the long run: a unified growth model," Working Papers hal-01698755, HAL.
    7. Brand-Correa, Lina I. & Steinberger, Julia K., 2017. "A Framework for Decoupling Human Need Satisfaction From Energy Use," Ecological Economics, Elsevier, vol. 141(C), pages 43-52.
    8. Martinsohn, Maria & Hansen, Heiko, 2012. "The Impact of Climate Change on the Economics of Dairy Farming – a Review and Evaluation," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 61(02), pages 1-16, May.
    9. Foster, John, 2011. "Energy, aesthetics and knowledge in complex economic systems," Journal of Economic Behavior & Organization, Elsevier, vol. 80(1), pages 88-100.
    10. Jacques, Pierre & Delannoy, Louis & Andrieu, Baptiste & Yilmaz, Devrim & Jeanmart, Hervé & Godin, Antoine, 2023. "Assessing the economic consequences of an energy transition through a biophysical stock-flow consistent model," Ecological Economics, Elsevier, vol. 209(C).
    11. Fix, Blair, 2015. "Rethinking Economic Growth Theory From a Biophysical Perspective," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 157974, July.
    12. Olufunmilayo T. Afolayan & Henry Okodua & Oluwatoyin Matthew & Romanus Osabohien, 2019. "Reducing Unemployment Malaise in Nigeria: The Role of Electricity Consumption and Human Capital Development," International Journal of Energy Economics and Policy, Econjournals, vol. 9(4), pages 63-73.
    13. Garcia, Luis Enrique & Illig, Aude & Schindler, Ian, 2018. "Oil Cycle Dynamics and Future Oil Price Scenarios," TSE Working Papers 18-969, Toulouse School of Economics (TSE).
    14. Rezai, Armon & Taylor, Lance & Mechler, Reinhard, 2013. "Ecological macroeconomics: An application to climate change," Ecological Economics, Elsevier, vol. 85(C), pages 69-76.
    15. Jeroen Bergh, 2011. "Energy Conservation More Effective With Rebound Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 48(1), pages 43-58, January.
    16. Richard Green and Nicholas Vasilakos, 2012. "Storing Wind for a Rainy Day: What Kind of Electricity Does Denmark Export?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
    17. Tilman Santarius & Johanna Pohl & Steffen Lange, 2020. "Digitalization and the Decoupling Debate: Can ICT Help to Reduce Environmental Impacts While the Economy Keeps Growing?," Sustainability, MDPI, vol. 12(18), pages 1-20, September.
    18. Henri Safa, 2017. "The Impact of Energy on Global Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 287-295.
    19. Fix, Blair, 2014. "Rethinking Profit: How Redistribution Drives Growth," Working Papers on Capital as Power 2014/02, Capital As Power - Toward a New Cosmology of Capitalism.
    20. Andreas Siemoneit, 2021. "Justice as a Social Bargain and Optimization Problem," Papers 2106.00830, arXiv.org.

    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:wsi:jeapmx:v:14:y:2012:i:03:n:s1464333212500172. 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: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/jeapm/jeapm.shtml .

    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.