Amid the battle against climate change, Associate Professor Julien Daubanes from DTU has been awarded a Semper Ardens Accelerate Grant from the Carlsberg Foundation. This grant aims to facilitate groundbreaking research that could significantly advance the green transition.
Julien Daubanes will be working with a team of international climate policy experts to develop a new model, designed to explore how climate finance can- and should help the economy decarbonize.
Carbon pricing (taxes and quota markets) has been the dominant approach to reduce carbon emissions for decades, but today there is an increasing focus on green finance. The financial approach to the climate problem seeks to reduce emissions by reallocating capital, both public and private investments, from the most polluting firms and industries towards the greenest ones.
While economists have long examined the mechanisms and effectiveness of carbon pricing, green finance calls for more research. Little is known about how divestment and investment impact carbon emissions and overall economic performance.
This issue is crucial. A financial approach to the climate challenge requires that we identify the best investments for society, considering their climate impact. Moreover, we need new tools of analysis to measure how green investments, which are likely to surge in the coming years, effectively contribute to decarbonizing the economy.
Thanks to this Semper Ardens Accelerate Grant, Daubanes will be equipped with the means to make significant progress in this crucial field, that will contribute to a more sustainable world.
