Download or read book Energy and the Financial System written by Roger Boyd and published by Springer Science & Business Media. This book was released on 2014-01-29 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: The modern financial system was developed to support the rapid economic growth that took off about 200 years ago with the phenomenal amounts of cheap energy made available through the exploitation of fossil fuels. As a result, its viability is completely dependent upon the continuation of that growth. Unfortunately, the more recent fossil fuel discoveries, especially for oil, have tended to have lower production levels than earlier ones. In addition, greater amounts of energy are required to extract the fossil fuels leading to less net energy available for society. The Energy Return On Investment (EROI) for oil has fallen from 30:1 in the 1970's to 10:1 today. Thus, newer energy finds produce lower extraction rates and more of the energy provided is offset by the energy used in the extraction processes. The result has been economic stagnation or even contraction, with growth in China and India etc. only possible due to the extensive use of local coal reserves, and recession-induced drops in OECD country energy use. Renewable sources of energy will not be able to expand fast enough to replace the 87% of energy supplies provided by fossil fuels, and apart from hydro and wind, tend to have very low EROI rates. They are also critically dependent upon the cheap energy infrastructure provided by fossil fuels. The phenomenal amounts of path-dependent energy infrastructure will also greatly inhibit any move away from fossil fuels. Without continued economic growth there will not be the extra output to fund loan interest payments, nor the revenue and profit growth to support share price/earnings multiples. The financial system acts as a time machine, creating asset prices based upon perceptions of the future. As an increasing percentage of investors come to accept the future reality of at best, financial asset prices will fall to reflect a realistic future. The resulting crash will remove the underpinnings of the banking, brokerage, mutual fund, pension fund, and insurance industries. The comfortable futures of many will be shown to have been based upon a mirage of future growth that will not take place. With the financial system acting as the critical coordination system of the global economy, its crash will also intensify economic problems. Written by a retired financial industry executive with over 25 years of experience, this book describes how the crisis will affect different regions and industries to help identify the career and investment choices which may provide a relative safe harbour.

Download or read book Managing Climate Risk in the U S Financial System written by Leonardo Martinez-Diaz and published by U.S. Commodity Futures Trading Commission . This book was released on 2020-09-09 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742

Download or read book Before the Neoliberal Turn written by Simone Selva and published by Palgrave Macmillan. This book was released on 2018-12-28 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book pinpoints continuities and changes in U.S. foreign economic policy from the fixed exchange rate system of the 1960s through to the period between the two oil crises of the 1970s. Chapters pay close attention to the interconnectedness between the long lasting decline of the U.S. Dollar on foreign exchange markets and the U.S. balance of payments, transformations in international capital markets, and international oil developments. The book charts the prolonged failure of Washington’s foreign economic policies to restore U.S. financial and monetary leadership through to the Carter Administration.

Download or read book Designing a Sustainable Financial System written by Thomas Walker and published by Springer. This book was released on 2018-01-22 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited collection brings together leading theoretical and applied research with the intent to design a sustainable global financial future. The contributors argue that our world cannot move toward sustainability, address climate change, reverse environmental degradation, and improve human well-being without aligning the financial system with sustainable development goals like those outlined by the United Nations. Such a system would: a) be environmentally and socially responsible; b) align with planetary boundaries; c) manage natural resources sustainably; d) avoid doing more harm than good; and e) be resilient and adaptable to changing conditions. The overarching theme in this collection of chapters is a response to the worldwide, supranational sustainable finance discussions about how we can transition to a new socio-ecological system where finance, human well-being, and planetary health are recognized as being highly intertwined.

Download or read book Impact of Climate Risk on the Energy System written by Amy Myers Jaffe and published by Council on Foreign Relations Press. This book was released on 2019-09-13 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change affects virtually every aspect of the U.S. energy system. As climatic effects such as rising seas and extreme weather continue to appear across many geographies, U.S. energy infrastructure is increasingly at risk. The U.S. Gulf Coast--which is home to 44 percent of total U.S. oil refining capacity and several major ports--is highly vulnerable to flooding events and dangerous ocean surges during severe storms and hurricanes. The link between water availability and energy and electricity production creates another layer of risk to U.S. energy security. Climate risk could manifest not only in physical damages, but also in financial market failures. Climate change-related challenges could impede energy firms' access to capital markets or private insurance markets. Already, climate-related risks have created severe financial problems at a handful of U.S. energy firms, forcing them to interrupt their sales of energy to consumers in particular locations. Over time, climatic disruptions to domestic energy supply could entail huge economic losses and potentially require sizable domestic military mobilizations. The United States is ill prepared for this national security challenge, and public debate about emergency preparedness is virtually nonexistent. To explore the challenges of climate risk to the U.S. energy system and national security, the Council on Foreign Relations organized a two-day workshop in New York, on March 18 and 19, 2019. The gathering of fifty participants included current and former state and federal government officials and regulators, entrepreneurs, scientists, investors, financial- and corporate-sector leaders, credit agencies, insurers, nongovernmental organizations, and energy policy experts. During their deliberations, workshop participants explored how climate-related risks to U.S. energy infrastructure, financial markets, and national security could be measured, managed, and mitigated. Impact of Climate Risk on the Energy System summarizes the insights from this workshop and includes contributions from seven expert authors delving into related topics.

Download or read book Resurrection of a Nation written by Kris Axhoj and published by AuthorHouse. This book was released on 2010-05 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goal of this book is to move our government, by educating America, to a place of responsible energy solutions which will produce financial and national security. It will provide a grass root opportunity for constituents to demand results from elected servants based on facts --not opinions. These facts are derived from the EIA, DOE, USGS, IPPA, NDGS, and other reputable scientific agencies, not environmental or political opinions. America is facing serious issues concerning its energy and political policies. We, as a people, have to act now to avoid further degradation of our country's future due to special interest groups and political maneuvering that is leaving our nation crippled. It is time the truth is explored and for the masses of Americans to make intelligent decisions as to which strategic path to follow concerning its energy policies, economy, and political infrastructure. This book will be informative and should create a call to action for those who are interested in correcting our Nations energy and financial course.

Download or read book China s Financial System written by Franklin Allen and published by . This book was released on 2015-11-18 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a review of China's financial system and compares it to other financial systems. It reviews what has worked and what has not within the markets and intermediaries in China, the effects of the recent development of China's financial system on the economy, and a non-standard financial sector operating beyond the markets and banking sectors.

Download or read book Handbook on Electricity Markets written by Glachant, Jean-Michel and published by Edward Elgar Publishing. This book was released on 2021-11-12 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.

Download or read book The Disintegration of the Worlds Financial System written by Rolf A. F. Witzsche and published by Lulu.com. This book was released on 2003 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book How Governments Mobilize Domestic Finance for Innovation the Case of Domestic Clean Energy written by Fang Zhang and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Financing is a well-recognized barrier to the development and deployment of clean energy technologies. Lack of information, lack of familiarity with new technologies, and the limited track records of renewable developers have all been causes of investor reluctance in clean energy. Although the early 2000s witnessed rapid growth in clean energy investment, global clean energy investments have stalled since the 2009 financial crisis. Despite numerous worldwide clean energy policies implemented since then, the rate of investment has still not fully recovered and has limited the pace of annual added renewable energy capacity growth globally. In 2018, $348 billion was deployed into renewable energy sectors, which was dwarfed by the $600 billion in fossil fuel finance from the top 33 banks globally in the same year. Although the rapid decline of the capital costs of renewable energy partially limits the need for new renewable energy investment, it is still worth examining why more finance has not been directed to renewables. The central purpose of this dissertation is to investigate how governments mobilize financial resources for renewable energy deployment and which policies are most effective to incentivize financial flows to clean energy sectors. Four cases studies (China, Germany, India, and the United States) were performed to answer this question. The dissertation firstly identifies the main actors in the financing of renewable energy, particularly clarifying who are typically the first movers, followers, and laggards. The dissertation then evaluates whether state-ownership of the financial system puts a country in a better or worse position to mobilize finance for renewable energy development. The necessary ingredients for National Development Banks (NDBs) to mobilize finance are identified. Lastly, the dissertation illuminates the major barriers that hinder renewable energy financing and examines how government policies best mitigate these barriers and which policies fail to mobilize finance for renewables. The main findings are that: 1) The first movers in renewable energy financing are patient (e.g. do not require immediate returns from investment) and can provide low-interest finance. They tend to be public actors (such as NDBs) or private investors who are particularly motivated by concern for the environment. 2) Finance for renewable energy is easier to mobilize in environments that leverage pre-existing and strong relationships between lenders and borrowers, as well as lenders and lenders, and foster mutual knowledge sharing. 3) NDBs can serve as effective vehicles to advance finance mobilization for national renewable energy deployment by working as a policy coordinator but NDBs require the precondictions of market-creation policies in order to facilitate finance mobilization for renewable energy deployment successfully. 4) Traditionally, high capital and development costs have stymied the growth of renewable energy. As of today, however, such costs have now generally fallen low enough not to inhibit lending from financial institutions. Non-cost barriers, such as high risks related to siting, grid connection, information barriers, and policy hurdles do continue to persist. 5) Several policy instruments and their design details that are required to effectively moblize finance are identified in the dissertation.

Download or read book Chinese Financial System The Sino centricity And Orchestrated Control written by Dominique Jolly and published by World Scientific. This book was released on 2023-11-14 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: With a strategic and geopolitical view on China's financial system, this book explores a number of roles that it plays in the world's second largest economy. The first key mission has been the financing of the domestic economy. The second one has been the financing of infrastructures (transportation, energy, and telecommunication) to offer companies a conducive environment to develop manufacturing facilities. Thirdly, it supports Chinese foreign investment. The final and most recent role is the active use of technology in finance and investment to collect big data.The book supports three theses. The first thesis argues that finance and investment are not only the product of market forces but also other dimensions like regulations, geopolitics, technology and internal governance. Another thesis is that the State Council is metaphorically the conductor, and financial and economic actors are the performers who must imperatively follow the conductor. Last but not least, the third thesis is that the sino-centric perspective adopted by the Chinese authorities impedes foreign entry. Contrary to industries opened to foreign companies, the Chinese government left ajar the door to banking industry — characterizing foreign banks as marginal actors in the system.

Download or read book Uniform System of Accounts USOA written by and published by . This book was released on 1995 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Renewables Outlook Energy Transformation 2050 written by International Renewable Energy Agency IRENA and published by International Renewable Energy Agency (IRENA). This book was released on 2020-04-01 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This outlook highlights climate-safe investment options until 2050, policies for transition and specific regional challenges. It also explores options to eventually cut emissions to zero.

Download or read book Greening the Financial System written by Asian Development Bank and published by Asian Development Bank. This book was released on 2023-11-01 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report outlines the opportunities for ADB and other multilateral development banks to help make financial markets in Asia and the Pacific more resilient to climate risk and support the transition to a low carbon economy. Explaining how ADB can play a catalytic role in greening the financial system, the report sets out policy options, assesses the bank’s strategic operational priorities, and considers implementation challenges. Analyzing ways ADB can scale up green financing and help financial authorities in developing member countries manage climate risk, it shows how early policy decisions can reduce the impact on regional economic growth.

Download or read book International Energy Outlook written by and published by . This book was released on 1986 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Handbook of Green Finance written by Jeffrey D. Sachs and published by Springer. This book was released on 2019-07-12 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook deals with various financial instruments, policies, and strategies in a policy-oriented approach for financing green energy projects. Recently, global investment in renewables and energy efficiency has declined, and there is a risk that it will slow further, Clearly, fossil fuels still dominate energy investments. This trend could threaten the expansion of green energy needed to meet energy security, climate, and clean-air goals. Several developed and developing economies are still following pro-coal energy policies. The extra CO2 generated from new coal-fired power plants could more than eliminate any reductions in emissions made by other nations. Finance is the engine of development of infrastructural projects, including energy projects. By providing several thematic and country chapters, this handbook explains that if we plan to achieve sustainable development goals, we need to create opportunities for new green projects and scale up the financing of investments that furnish environmental benefits. New financial instruments and policies such as green bonds, green banks, carbon market instruments, fiscal policy, green central banking, fintech, and community-based green funds are among the chief components that make up green finance. Naoyuki Yoshino is Dean, Asian Development Bank Institute and Professor Emeritus, Keio University. Jeffery Sachs is Director, Center for Sustainable Development at Columbia University. Wing Thye Woo is Professor of Economics, U.C. Davis. Farhad Taghizadeh-Hesary is Assistant Professor, Waseda University.

Download or read book Derivative Financial Markets written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance and published by . This book was released on 1994 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: