Green swan and Khaki finance: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Layout.)
 
imported>Doug Williamson
(Layout.)
 
Line 1: Line 1:
''Risk management - systemic risk - climate risk''.
''Environmental concerns - transition - finance - green finance - grey.''


A green swan is a potentially extremely financially disruptive event leading to a systemic financial crisis, triggered by a climate-related event.
Khaki finance aims to reduce the environmental damage produced by relatively more polluting sources, for example grey energy.


The term was popularised by Patrick Bolton, Morgan Després, Luiz Awazu Pereira da Silva, Frédéric Samama and Romain Svartzman in their 2020 book "The green swan - Central banking and financial stability in the age of climate change".
The concept is based on the idea that far greater positive effects can be achieved by doing that - especially during a period of transition - rather than focusing immediately and exclusively on the greenest new solutions.
 
 
:<span style="color:#4B0082">'''''Greening our grey industries to maximise impact'''''</span>
 
:"A lasting consequence of the invasion of Ukraine will be the reprioritising of energy security by governments.
 
:That is also likely to drive a reappraisal of how best to invest around the energy transition, as well as how policymakers frame green finance regulation, particularly in Europe...
 
:The crisis means investors and policymakers will need to destigmatise 'khaki finance' — encouraging the greening of 'grey' industries, rather than just backing the development of the greenest-of-green technologies.
 
:And therein may lie some of the most interesting investment opportunities to withstand a high-inflation regime...
 
 
:The policy changes needed to tackle the energy transition will take many years, be expensive, and create winners and losers.
 
:But, for Europe to navigate the energy crisis, it is vital it moves away from a one-size-fits-all approach and embraces a khaki finance framework."
 
:''Huw van Steenis - Co-chair - World Economic Forum finance council - Financial Times - July 2022.''




== See also ==
== See also ==
* [[Black swan]]
* [[Carbon-neutral]]
* [[Central bank]]
* [[ESG investment]]
* [[Climate change]]
* [[Green]]
* [[Climate risk]]
* [[Green bond]]
* [[Financial stability]]
* [[Green Bond Principles]]
* [[Risk management]]
* [[Green finance]]
* [[Green Finance Education Charter]]
* [[Green Finance Initiative]]
* [[Green Finance Institute]]
* [[Green Finance Strategy]]
* [[Green Finance Study Group]]
* [[Green financing]]
* [[Green Investment Group]]
* [[Grey]]
* [[Grey energy]]
* [[GSS]]
* [[International Capital Market Association]]
* [[Issuance]]
* [[Loan Market Association]]
* [[Network for Greening the Financial System]]
* [[Second Party Opinion]]
* [[Sustainable finance]]
* [[Ten Point Plan for a Green Industrial Revolution]]
* [[World Economic Forum]]  (WEF)
 


==External link==


== External link ==
[https://www.ft.com/content/45b0cb96-9cb6-405a-b15c-99e599836fc0 Time to destigmatise 'khaki finance' - Financial Times - 18 July 2022]
*[https://www.bis.org/publ/othp31.htm The green swan - Central banking and financial stability in the age of climate change]


[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Manage_risks]]
Line 24: Line 64:
[[Category:Risk_reporting]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_products_and_markets]]
[[Category:Technology]]
[[Category:Trade_finance]]

Revision as of 13:26, 22 November 2022

Environmental concerns - transition - finance - green finance - grey.

Khaki finance aims to reduce the environmental damage produced by relatively more polluting sources, for example grey energy.

The concept is based on the idea that far greater positive effects can be achieved by doing that - especially during a period of transition - rather than focusing immediately and exclusively on the greenest new solutions.


Greening our grey industries to maximise impact
"A lasting consequence of the invasion of Ukraine will be the reprioritising of energy security by governments.
That is also likely to drive a reappraisal of how best to invest around the energy transition, as well as how policymakers frame green finance regulation, particularly in Europe...
The crisis means investors and policymakers will need to destigmatise 'khaki finance' — encouraging the greening of 'grey' industries, rather than just backing the development of the greenest-of-green technologies.
And therein may lie some of the most interesting investment opportunities to withstand a high-inflation regime...


The policy changes needed to tackle the energy transition will take many years, be expensive, and create winners and losers.
But, for Europe to navigate the energy crisis, it is vital it moves away from a one-size-fits-all approach and embraces a khaki finance framework."
Huw van Steenis - Co-chair - World Economic Forum finance council - Financial Times - July 2022.


See also


External link

Time to destigmatise 'khaki finance' - Financial Times - 18 July 2022