What Do Economists Think About the Green Transition? Exploring the Impact of Environmental Awareness

Simona Malovana, Dominika Ehrenbergerova and Zuzana Gric
Authors registered in the RePEc Author Service: Dominika Kolcunová

Working Papers from Czech National Bank

Abstract: We surveyed economics and finance professionals on the transition to a low-carbon economy, assessing risks, opportunities, and stakeholder responsibilities. Findings reveal that respondents view the transition as an opportunity for the financial sector, with modest increase in banking risks. Most respondents agreed that governments hold primary responsibility for climate mitigation policies, with carbon tax as the favored solution. Additionally, respondents perceived the COVID-19 to have a neutral or positive impact on the transition, while the Ukraine war a strong negative impact. Notably, opinions differ based on environmental awareness and professional roles, with environmentally conscious individuals expressing more optimism.

Keywords: Carbon footprint; climate finance; climate policy; environmental awareness; expert survey (search for similar items in EconPapers)
JEL-codes: G12 G14 Q54 (search for similar items in EconPapers)
Date: 2023-05
New Economics Papers: this item is included in nep-cis, nep-ene and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:cnb:wpaper:2023/6

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