Berg Lab

University of Frankfurt

Hessen (DE7) · Germany

ERC-funded
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Research focus

ERC Consolidator Grant · 2021

Banking and Climate Change

Climate change is one of the key societal challenges of our generation, affecting every country, every firm, and every person on this planet for decades to come. More than half of carbon emissions arise from bank-dependent sectors of the economy; and a large part of renewable energy production is financed by banks. The banking sector plays a crucial role for lending to firms and households, for the issuance of securities, for project financing, and for mergers and acquisitions. Yet, the role of banks in addressing climate change is not yet well understood. The goal of this project is to provide a fundamental understanding of the role of the banking sector in addressing climate change. The…

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