Browse Hierarchy BUSM229: Sustainable Finance and ESG Performance

Financing the transition to a low carbon economy, in ways which are aligned with environmental, social and governance (ESG) criteria, will present, at the same time, significant opportunities and challenges. This module will introduce students to the vast landscape of climate finance tools, both at the global level (eg. clean development mechanism and other carbon offset platforms) and the regional level (eg. renewable energy funds, green bonds and carbon markets), with an emphasis on their economic and financial foundations. The module will provide a thorough analysis of the efficiency and effectiveness of these tools by evaluating their impact on the economy, the environment and society at large. The course will describe the role of key actors in the climate finance scenario, namely, central banks, supervisory authorities, national and multilateral development banks, corporate banks, and institutional investors. Students will have the opportunity to strengthen their empirical skills by using statistical softwares, such as R and Stata, to run impact evaluation studies on climate finance instruments.