Promoting investment in low carbon "clean" sectors has gained popularity over the last years under the heading of sustainable finance, at the same time raising concerns about adverse welfare effects of such policies. We analyze the economic impact of subsidizing investment in "clean" industries...

We examine a global refunding scheme for mitigating climate change. Countries pay an initial fee into a global fund that is invested in long-run assets. In each period, part of the fund is distributed among the participating countries in relation to the emission reductions they have achieved in...

This report aims to contribute to the debate on climate change policies and their link to development. A climate resilient perspective is adopted to understand how climate change policy objectives can be reconciled with development goals. The report reviews the main theoretical concepts that...