Developing climate compatible financial flows – this is one of the goals of the Paris Climate Agreement. What is the contribution of the Swiss financial center? INFRAS summarized the current situation on behalf of the Swiss Advisory Body for Climate Research (OcCC).
A goal of the Paris Climate Agreement is the climate compatible orientation of financial flows. Investments and financing should be in accord with the climate targets internationally agreed on. The Swiss financial services center plays an important role in this matter.
A summary of the activities of national and international players
On behalf of the Swiss Advisory Body for Climate Research (OcCC), INFRAS analyzed the extent to which banks and insurance companies in Switzerland contribute to climate compatible financial flows. The working paper provides a summary of the activities of national and international players and presents scientific insights on climate compatible financial flows.
Current status of political and scientific discussions on climate compatible financial flows
How large is the climate leverage of the Swiss financial services center? Which risks does the Swiss financial services center face due to its participation in investments that are harmful to the climate? Why are not more assets invested in climate compatible investments? The report summarizes the current state of political and scientific discussions on these and on other questions. The analyses show that knowledge is lacking in particular on the effects of investments, loans, and insurance on the climate. The study’s authors see a need for further research in, among other areas, how investments can influence the economy in a way that promotes a positive climate effect.