Ga direct naar de content

Seminar – Carbon pricing versus green finance

Universiteit van Amsterdam CIFRA

Economics recommends combating climate change with carbon pricing (tax, allowances, offsets), but green finance (sustainable finance regulation, ESG investing) is becoming widespread. In a unified model, I show that the social optimum is achieved by a common carbon price levied on scope 1 emissions and no green finance interventions. Green finance can be useful when the carbon tax is too low, but does not flow through the supply chain as desired, creating a need for measuring scope 2 and 3 emissions. Using novel data, I link climate approaches to societal conditions and document a violation of the law of one price due to lacking offset credibility.

Room REC M4.02


  • Lasse Heje Pedersen (Copenhagen Business School)


Plantage Muidergracht12,
1018 TV Amsterdam