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

Author

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  • 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
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    References listed on IDEAS

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    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.
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    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. 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.

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