?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=Quantitative+and+qualitative+analysis+of+the+financial+system+implications+of+decarbonisation&rft.creator=Winning%2C+Matthew&rft.creator=Ameli%2C+Nadia&rft.creator=Bukowski%2C+Maciej&rft.creator=%C5%9Aniegocki%2C+Aleksander&rft.creator=Wetma%C5%84ska%2C%2C+Zofia&rft.creator=Grubb%2C+Michael&rft.creator=Dessens%2C+Olivier&rft.creator=Calzadilla%2C+Alvaro&rft.creator=Anandarajah%2C%2C+Gabrial&rft.creator=Cronin%2C+Jen&rft.description=The+financial+sector+must+play+a+key+role+in+facilitating+the+transition+towards+the+Paris+Agreement+goals.%0D%0AThis+analysis+undertakes+both+quantitative+and+qualitative+approaches+in+order+to+provide+key+recommendations+to+stakeholders+and+policymakers+related+to+climate+finance.+The+modeling+analysis+soft-links+three+different+model+types+(TIAM-UCL%2C+MEWA+and+ENGAGE)+to+consider+investment%0D%0Arequirement+pathways+and+how+the+levels+of+investment+are+achieved+through+different+financial+instruments.%0D%0AThe+TIAM-UCL+modelling+shows+that+strong+climate+ambition+requires+ramp-up+of+investments+immediately.+Another+strong+conclusion+from+the+MEWA+and+ENGAGE+models+is+that+the+economic+impacts+of+decarbonisation+are+unevenly+distributed+between+high-income+and+low-income+regions%2C+the+latter+of+which+are+more+reliant+on+fossil+fuels+out+to+2050%2C+and+therefore+financial+mechanisms+can+play%0D%0Aa+significant+role+in+rebalancing+impacts+with+minimal+cost.+Therefore+ending+fossil+fuel+subsidies+must+be+supported+with+other+policies+to+direct+inter-regional+financial+transfers+to+those+regions+which+will+lose+out+from+such+a+transition.%0D%0AThe+qualitative+analysis+suggests+easing+lending+conditions+for+low-carbon+investments%2C+and+relaxing+macroprudential+regulation+could+leverage+more+funds+towards+low-carbon+assets.+The+Green+World+Bank+and+Green+Fund+modelling+scenarios+suggest+that+policies+like+this+could+lessen+the+economic+burden+on+those+who+are+most+likely+to+lose+out+from+undertaking+climate+mitigation.+A+mix+of+concessional+financing+approaches+may+be+appropriate+and+more+politically+feasible.%0D%0ATherefore+one+clear+outcome+is+that+public+financial+institutions+(e.g.+G20%2C+World+Bank)+are+correct+to+rethink+their+approaches+towards+concessional+finance+as+these+may+be+one+way+to+achieve+the+rates+of+change+required.&rft.publisher=COP21+RIPPLES&rft.date=2019-10&rft.type=Working+%2F+discussion+paper&rft.language=eng&rft.source=++++COP21+RIPPLES+(2019)+++++&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F10171191%2F