This paper reviews the role of banks in addressing climate change and the shift to a low-carbon economy. It discusses how banks finance green innovation, low-carbon technologies, and adapt to climate-related risks. The paper also covers topics like credit access, carbon arbitrage, greenwashing, and financial regulation. It concludes by suggesting future research areas in sustainable banking.

This working paper was prepared by EBRD in English language. Click here to access its full version.

Source: European Bank for Reconstruction and Development

Illustration: EBRD