Transition Spillover Risks and IMF Surveillance on Climate Change: Implications for Developing Countries
Climate change policies that occur in one nation can have significant macro-critical implications in other countries, but to date, there has been limited attention to transition spillover risks in the world economy. A new policy brief from the Task Force on Climate, Development and the International Monetary Fund seeks to address this knowledge gap. It […]
Climate Transition Spillovers and Sovereign Risk: Evidence from Indonesia
In Southeast Asia, several countries are already exposed to socio-economic and financial losses induced by physical climate risk. Some Southeast Asian countries exposed to physical risk, such as Indonesia, are also leading producers and exporters of fossil fuels. This compounds the country’s climate impacts by exposing them transition risk, or a situation in which climate […]
Request for Proposal: Data Modelling for Climate Prosperity Plans
At Aroha and the Financial Futures Center, we are looking for a contractor to develop a framework macro-economic model for the creation of Climate Prosperity Plans, including: the development of an integrated set of modelling systems, national and subnational data and synthesizing and explanatory texts, graphs and other visuals, and a data interface. Find out […]
Climate Transition Spillovers and Sovereign Risk: Evidence from Indonesia
Combating climate change requires coordinated global efforts, yet much of the current climate policymaking is led by developed countries. A case in point is the European Union (EU)’s ambitious climate change mitigation package. To prevent carbon leakage, the EU adopted a resolution in 2021 to implement a Carbon Border Adjustment Mechanism (CBAM) as a part […]
Climate Change and IMF Debt Sustainability Analysis
There is now a consensus that climate change and climate change policy pose ‘macro-critical risks’ to national economies and the global economy as well. The frequency of climate-related disasters has increased by an order of five over 50 years, according to the World Meteorological Organization. Furthermore, transition risks emerge from a late and uncoordinated introduction […]
Designing a Resilience and Sustainability Trust
In 2021, the International Monetary Fund (IMF) issued a historic allocation of Special Drawing Rights (SDRs) equivalent to $650 billion. These supplementary international reserve assets were allocated to help meet the liquidity bottlenecks facing many countries due to the COVID-19 pandemic. However, because of the IMF’s quota-based system, SDRs primarily flowed to more advanced economies, […]
Designing a Resilience and Sustainability Trust: A Development-Centered Approach
In 2021, the International Monetary Fund (IMF) issued a historic allocation of Special Drawing Rights (SDRs) equivalent to $650 billion. These supplementary international reserve assets were allocated to help meet the liquidity bottlenecks facing many countries due to the COVID-19 pandemic. However, because of the IMF’s quota-based decision-making structure, SDRs primarily flowed to more advanced […]
Sri Lanka Climate Prosperity Plan
This Preliminary Report presents Sri Lanka’s Climate Prosperity Plan: a national investment strategy to carve a pathway towards prosperity in a climate-insecure world. Sri Lanka’s Climate Prosperity Plan aims to maximise socio-economic outcomes and wellbeing for the population of Sri Lanka. To do so, the strategy focuses on unlocking the maximum domestic renewable energy potential […]
Research Assistant – Penang, Malaysia
Role: External Consultant Function: Research Assistant Start Date: 15 March 2022 Duration: 12 months Compensation/Benefits: US dollars (USD) to be determined per month Occupation Rate: N/A – output based Supervisor: Founder Contract Type: External Consultancy Working Location: Penang, Malaysia Organizational Context The Financial Futures Center, which is hosted in Aroha, aims to support developing country […]
Transition Risk Management for Commercial Banks
Risk management and financial disclosure of transition risk has become a mandatory fiduciary duty for financial institutions worldwide as investors require them to disclose climate-related financial risks. As such, it is imperative for banks to assess transition risks in their loan portfolios and find mitigating solutions to those risks. Banks should identify the best-fit valuation […]
