Climate Change and Global Financial System

The Rohatyn Center for Global Affairs program on Global Economics presents Galina Hale and “Climate Change and Global Financial System.”

Climate change is no longer a “future” problem - physical manifestations of it are already felt by everyone around the world, especially in the countries that contributed least to greenhouse gas emissions. Technological solutions for both climate mitigation and adaptation already exist and the biggest challenge now is scaling them up globally. This scaling-up effort needs a substantial amount of funding - 3-5 times more than is currently spent globally. The only source from which this funding can come is global financial markets. Climate awareness of financial institutions is just the first step in directing funds to climate solutions. After providing background on these issues, the talk will focus on specific challenges in attracting private investment in climate mitigation and adaptation technologies as well as potential ways of addressing these challenges.

Galina Hale is a Professor of Economics at UC Santa Cruz. She served as a Research Advisor at the Federal Reserve Bank of San Francisco, and as an assistant professor of economics at Yale University. Galina’s current research interests focus on attracting mainstream finance to climate solutions, the sustainability of the global food system, and international financial stability, especially with respect to climate risks. Galina has published over 30 articles in leading economics and finance peer-reviewed journals. She serves on multiple editorial boards and presents her work regularly at scholarly and policy meetings worldwide.

Zoom Webinar. To join this webinar, use this Zoom Link.

For more information regarding the RCGA events, please visit our website and follow us on Instagram and Linkedin.

For more information on the RCGA Middlebury College podcast, New Frontiers, click here.