CIBC Chair in Sustainable Finance co-edits The Routledge Handbook of Green Finance
Dr. Olaf Weber, CIBC Chair in Sustainable Finance, recently co-edited and contributed to a new book set to be the standard reference for green finance.
The Routledge Handbook of Green Finance brings together a variety of expert scholars with industry specialists to offer the most authoritative overview of green finance to date, presenting the current situation in the field. It focuses on green finance in a comprehensive way, discussing its characteristics, underlying principles, and mechanisms.
“Sustainable and green finance is a topic that has become increasingly popular and important recently since the world is facing an unprecedented challenge – climate change,” said Weber. “The world has to address the financial issues of climate change, such as risks for the financial industry and opportunities, such as green finance.”
Weber co-wrote the chapter Assessing the Current State of Research on Climate and Environment-Related Financial Risks with Rosella Carè.
“Our chapter addresses current research on climate- and environment-related financial risks,” said Weber. “It suggests future research directions for green and sustainable finance that are needed to develop the field. These are interdisciplinary studies addressing financial risks caused by climate change, research on stress-testing the financial industry about climate impacts, studies on other environmental issues, such as water and biodiversity, and research on new ways to finance climate change adaptation and mitigation.”
Weber hopes the book can provide readers with an overview of the main concepts and the current state of green and sustainable finance: “Readers can get insights about market and regulatory environments, green finance instruments and their effects, sector- and country-specific aspects of green finance, and a critical discussion of the current state of green and sustainable finance.”