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What Do Economists Think About the Green Transition? Exploring the Impact of Environmental Awareness

Author

Listed:
  • Simona Malovana
  • Dominika Ehrenbergerova
  • Zuzana Gric

Abstract

We surveyed economics and finance professionals on the transition to a low-carbon economy, assessing risks, opportunities, and stakeholder responsibilities. Findings reveal that respondents view the transition as an opportunity for the financial sector, with modest increase in banking risks. Most respondents agreed that governments hold primary responsibility for climate mitigation policies, with carbon tax as the favored solution. Additionally, respondents perceived the COVID-19 to have a neutral or positive impact on the transition, while the Ukraine war a strong negative impact. Notably, opinions differ based on environmental awareness and professional roles, with environmentally conscious individuals expressing more optimism.

Suggested Citation

  • Simona Malovana & Dominika Ehrenbergerova & Zuzana Gric, 2023. "What Do Economists Think About the Green Transition? Exploring the Impact of Environmental Awareness," Working Papers 2023/6, Czech National Bank.
    • Handle: RePEc:cnb:wpaper:2023/6
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    References listed on IDEAS

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    More about this item

    Keywords

    Carbon footprint; climate finance; climate policy; environmental awareness; expert survey;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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