Signals for 2 degrees C
- The targets of the Paris Agreement make it necessary to redirect finance flows towards sustainable, low-carbon infrastructures and technologies. Currently, the potential of institutional investors to help finance this transition is widely discussed. Thus, this paper takes a closer look at influence factors for green investment decisions of large European insurance companies. With a mix of qualitative and quantitative methods, the importance of policy, market and civil society signals is evaluated. In summary, respondents favor measures that promote green investment, such as feed-in tariffs or adjustments of capital charges for green assets, over ones that make carbon-intensive investments less attractive, such as the phase-out of fossil fuel subsidies or a carbon price. While investors currently see a low impact of the carbon price, they rank a substantial reform as an important signal for the future. Respondents also emphasize that policy signals have to be coherent and credible to coordinate expectations.
Author details: | Jahel MielkeORCiDGND |
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DOI: | https://doi.org/10.1080/20430795.2018.1528809 |
ISSN: | 2043-0795 |
ISSN: | 2043-0809 |
Title of parent work (English): | Journal of Sustainable Finance & Investment |
Subtitle (English): | the influence of policies, market factors and civil society actions on investment decisions for green infrastructure |
Publisher: | Routledge, Taylor & Francis Group |
Place of publishing: | Abingdon |
Publication type: | Article |
Language: | English |
Year of first publication: | 2019 |
Publication year: | 2019 |
Release date: | 2021/05/12 |
Tag: | Green infrastructure investment; climate change; green finance; institutional investors; policy signals |
Volume: | 9 |
Issue: | 2 |
Number of pages: | 29 |
First page: | 87 |
Last Page: | 115 |
Funding institution: | German Federal Ministry of Education and Research (BMBF)Federal Ministry of Education & Research (BMBF); H2020 Future and Emerging Technologies [DOLFINS project] [640772] |
Organizational units: | Wirtschafts- und Sozialwissenschaftliche Fakultät / Sozialwissenschaften / Fachgruppe Politik- & Verwaltungswissenschaft |
DDC classification: | 3 Sozialwissenschaften / 32 Politikwissenschaft / 320 Politikwissenschaft |
License (German): | CC-BY-NC-ND - Namensnennung, nicht kommerziell, keine Bearbeitungen 4.0 International |