Finance
金融 (AI 翻訳)
Arjuna Dibley
🤖 gxceed AI 要約
日本語
本論は、パリ協定が民間資金の気候変動対策への流れを促すため、気候リスク開示義務やグリーンタクソノミーなどの情報ベースの規制手法を採用しているが、それらは情報の非対称性以外の市場の失敗に対処できず、カーボンリスクの漏出を引き起こすと批判する。著者は、この漏出を防ぐための法的メカニズムを提案する。
English
This chapter critiques current climate finance regulatory approaches such as disclosure mandates and green taxonomies, arguing they narrowly address information market failures and create carbon and climate risk leakage. It proposes legal mechanisms to prevent this leakage and better align private finance with climate goals.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本では、SSBJによるサステナビリティ開示基準の策定が進んでおり、本論の指摘は開示の実効性やリスク漏出の防止策を検討する上で示唆に富む。特に、グリーンウォッシュ対策やトランジション・ファイナンスの設計に重要な視点を提供する。
In the global GX context
Globally, this paper contributes to the ongoing debate on the effectiveness of TCFD-based disclosures and the EU Taxonomy, highlighting unintended consequences of information-based regulation. It is relevant for policymakers involved in ISSB, CSRD, and SEC climate rulemaking, as it calls for legal mechanisms to address carbon leakage and ensure genuine climate alignment.
👥 読者別の含意
🔬研究者:The paper offers a theoretical critique of disclosure-centric climate finance regulation and introduces the concept of carbon leakage from regulatory design, opening avenues for further research.
🏢実務担当者:Corporate sustainability teams should note that relying solely on disclosure and taxonomy compliance may not mitigate climate risks effectively, and legal mechanisms beyond information are needed.
🏛政策担当者:Regulators should consider the carbon leakage risks of current climate disclosure and taxonomy regimes and explore complementary legal instruments to ensure private finance genuinely supports climate goals.
📄 Abstract（原文）
Abstract Public law has attempted to mobilise finance for climate change activities for decades, but the needs of countries are greater than available public financing. Recognising this, the Paris Agreement seeks to incentivise private actors to make climate investments and reduce climate risks. Governments have sought to achieve the “climate alignment” goal of Paris Agreement by correcting market failures in financial markets, in the hope this will channel private funds towards climate activities. Policymakers have done so primarily through instruments such as climate risk disclosure mandates and green taxonomies. This chapter argues that these incumbent efforts focus narrowly on addressing information-based market failures and fail to account for the full range of other problems that inhibit private climate investment and risk management. Further, it argues that these information-based regulatory approaches create new forms of carbon and climate risk leakage, with the consequence that the costs of climate alignment are pushed from private actors onto the public. This chapter puts forward legal mechanisms which might arrest this carbon and climate risk leakage problem.
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.1093/9780197809198.003.0020first seen 2026-05-14 23:18:11
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gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。