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Climate Finance: Difference between revisions
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''This page is about the intersection of finance and machine learning in the context of climate change. For an overview of global financial system as a whole, please see the [https://en.wikipedia.org/wiki/Global_financial_system Wikipedia page] on this topic.''
There are two main approaches to climate finance: '''climate investment,''' which involves investing money in companies with low carbon footprint or those that actively address the climate crisis, both for reasons of societal benefit and because these are widely expected to be good investments in the long term, and '''climate analytics,''' which aims to quantify the expected financial impacts of climate change, thereby incentivizing investors and companies to act. ML can help on both of these fronts, on the one hand by in designing portfolios and in timing investments for positive reinforcement of climate-positive investment, and on the other, by helping forecast prices in carbon markets, identifying climate risks and investment opportunities, and quantifying the monetary impact of climate change on supply and demand by using data-based approaches.▼
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== Machine Learning Application Areas ==
* '''[[Climate Investment]]:''' involves investing money in companies with low carbon footprint or those that actively address the climate crisis, both for reasons of societal benefit and because these are widely expected to be good investments in the long term.
* '''[[Climate Analytics]]:''' aims to quantify the expected financial impacts of climate change, thereby incentivizing investors and companies to act.
== Background Readings ==
*'''Finance and climate: The transition to a low-carbon and climate-resilient economy from a financial sector perspective (2016)'''<ref>{{Cite journal|title=
*'''A climate stress-test of the financial system. (2017)'''<ref>{{Cite journal|last=Battiston|first=Stefano|last2=Mandel|first2=Antoine|last3=Monasterolo|first3=Irene|last4=Schütze|first4=Franziska|last5=Visentin|first5=Gabriele|date=2017-04|title=A climate stress-test of the financial system|url=http://www.nature.com/articles/nclimate3255|journal=Nature Climate Change|language=en|volume=7|issue=4|pages=283–288|doi=10.1038/nclimate3255|issn=1758-678X}}</ref>''':''' a birds-eye view of the potential impacts of climate change on the stock market that looks at how climate policy risk might propagate through the financial system. [https://www.nature.com/articles/nclimate3255 Available here.]
*'''Climate change challenges for central banks and financial regulators (2018)''' <ref>{{Cite journal|last=Campiglio|first=Emanuele|last2=Dafermos|first2=Yannis|last3=Monnin|first3=Pierre|last4=Ryan-Collins|first4=Josh|last5=Schotten|first5=Guido|last6=Tanaka|first6=Misa|date=2018-06|title=Climate change challenges for central banks and financial regulators|url=http://www.nature.com/articles/s41558-018-0175-0|journal=Nature Climate Change|language=en|volume=8|issue=6|pages=462–468|doi=10.1038/s41558-018-0175-0|issn=1758-678X}}</ref>: this article presents the key controversies and discusses potential research and policy avenues for the future.
== Online
*'''[https://olc.worldbank.org/content/climate-finance-innovative-approaches-supporting-climate-action Climate Finance: Innovative Approaches in Supporting Climate Action]:''' this online course, created by the World Bank Group, summarizes the tested knowledge and practices in climate finance from different development partners.
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*[https://unccelearn.org/course/view.php?id=59&page=overview '''Introduction to Sustainable Finance''']: a high-level interactive and practice-oriented course that covers the basics of Sustainable Finance, hosted on the UN Climate Change E-Learn platform.
== Conferences, Journals, and Professional Organizations ==
== Libraries and tools ==▼
*[http://global-climatescope.org/results '''ClimateScope''']: a country-by-country assessment that provides an interactive report and index indicating suitability for climate-related investment.▼
*[https://www.re-explorer.org/ '''Renewable Energy (RE) Data Explorer:'''] a platform created to inform vital renewable energy investment and deployment decisions.▼
=== Major societies and organizations ===
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*[https://climatepolicyinitiative.org/ '''Climate Policy Initiative''']: an analysis and advisory organization with deep expertise in finance and policy.
*[https://www.oecd.org/cgfi/ '''OECD Center on Green Finance and Investment''']: the mission of the Center is to "help catalyse and support the transition to a green, low-emissions and climate-resilient economy through the development of effective policies, institutions and instruments for green finance and investment".
▲*[http://global-climatescope.org/results '''ClimateScope''']: a country-by-country assessment that provides an interactive report and index indicating suitability for climate-related investment.
▲*[https://www.re-explorer.org/ '''Renewable Energy (RE) Data Explorer:'''] a platform created to inform vital renewable energy investment and deployment decisions.
== Data ==
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* [https://publications.iadb.org/en/idbg-climate-finance-2017-dataset '''Inter-American Development Bank Climate Finance 2017 Dataset''']: the IDB publishes its reported climate finance on a project-level, disaggregated basis for all public sector activity, and on an aggregated basis for all private sector activity.
* [https://www.sec.gov/edgar.shtml '''Electronic Data Gathering, Analysis and Retrieval (EDGAR)''']: the electronic filing system created by the Securities and Exchange Commission for corporate filings, which can be queried by company, by year and by sector in PDF format.
== References ==
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