During the course students will learn how sustainable finance can affect economic growth and income distribution. They will learn the mechanisms through which funds can be oriented and allocated to activities that account for the projects’ environmental and socio-economic impact and will be able to recognize that there are often trade-offs between short-term profits and long-term impacts. Students will understand what kind of policies and institutions have been designed in Europe to favor the transition from a traditional to a sustainable finance aimed at enhancing ESG awareness across
society and the economy.
By the end of the course the student will have gain knowledge regarding:
a) the action plans through which EU institutions are fostering the transition towards a sustainable finance;
b) the scale of development of ESG and SRI investments relative to traditional ones and how such activities can be distinguished from ‘brown’ ones;
c) the channels through which sustainable finance can support economic growth and inclusiveness;
d) the costs of transition to de-carbonization and how policies can prevent decline and poverty in coal-based regions.
- The necessity of a new type of finance.
- Difference between traditional and sustainable finance. ESG criteria and SRI investments.
- The European strategy “Action plan for sustainable growth” and successive steps to 2050 objectives.
- The development of sustainable financial instruments and their diffusion.
- Taxonomy and greenwashing
- Costs of transition, inequalities, and risk of poverty
- Policies for a fair transition: no one left behind.
The course consists of theory lectures and teamworks by students
The exam consists in:
- written exams (70%)
- teamwork assessment (30%)