Carbon Leakage quantifies an increase in greenhouse gas emissions in one country as a result of an emissions reduction by a second country with stricter climate change mitigation policies.
In other words, hiding the trash under the carpet and claiming the moral high ground.
The portrait of Hans Stegeman, a leading Dutch economist active in #sustainablefinance currently chief economist by #triodosbank
(podcast hosted on Spotify and in Dutch)
Celebrating today the fourth #equinox for the Equinox platform, an #opensource project to help the task of sustainable portfolio management be as simple, transparent and low-cost as possible.
Use it, fork it, like it, contribute, spread the word.
The history of money took a decisive turn towards abstraction #onthisday in 1968, when U.S. Congress repealed the requirement for a gold reserve to back US currency
Rapid digitization since then has vastly expanded the potential forms of money
#sustainablefinance
en.wikipedia.org/wiki/Gold_st...
Gold standard - Wikipedia
The #Python language is a true catalyst, making numerically intensive #datascience tasks more far approachable than before.
Economic input-output analysis is one such domain, enabled by the Python Pymrio package which can fetch and process large EEIO databases.
An Open Risk Academy course provides a step-by-step introduction to its use:
https://www.openriskacademy.com/course/view.php?id=64
The course repo: https://github.com/Open-Risk-Academy/Academy-Course-SFI32064
The pymrio repo: https://github.com/IndEcol/pymrio
"Holistic Thinking" and "Connecting the Dots" in #sustainablefinance is easier said than done.
Economic Input-Output analysis is one practical tool that links monetary flows between sectors and regions to environmental impact.
The free online Open Risk Academy course "Input-Output Model Interactivities" provides a gentle introduction.
"Pecunia non olet" is a Latin phrase (AD 70) that means "money does not stink". Ever since, finance thrived in the simplicity of "shedding odors".
#sustainablefinance is more complex - and still WIP: It aims to irrevocably link money to ground truth, whatever that is.
What if we extend the meaning of money to consistently and automagicaly keep track of real world impacts? In this paper we develop generalized double-entry balance constraints that extend conventional financial statements.
https://www.openriskmanagement.com/deep-linking-financial-and-energy-accounting/
Your contribution can go a long way. Support the maintenance and further development of the Open Risk Manual and the Open Risk Academy as public and free to use resources
https://buy.stripe.com/fZe01M5QK2aY97q8ww
Or directly sponsor any of our software projects on Github:
https://www.openriskmanual.org/wiki/Main_Page
I’m running the Sustainable Finance course at UTAS online & in person in nipaluna/Hobart this Semester.
https://www.utas.edu.au/courses/tsbe/units/bea704-sustainable-finance
I’ll also be running the Responsible and Sustainable Finance unit in person at Aarhus Summer University in July.
https://international.au.dk/education/admissions/summeruniversity/course/courses-2025/responsible-and-sustainable-finance
#SustainableFinance #ESGInvesting #ResponsibleInvesting
images Michelle Daugaard & Stephan Mahlke on Unsplash
Every day is an #InternationalEducationDay
at the Open Risk Academy. A range of free online resources spanning topics from #datascience
to #riskmanagement
and from #financialliteracy
to #sustainablefinance
Aiming to break down and make accessible technical concepts using #opensource
tools.
Africa: Remittances Vs Philanthropy - a Development Practitioner's Perspective: [IPS] Harare -- Across Africa, economic transformation and development are being fuelled by two significant streams of funding: remittances and philanthropy. Both play vital roles, but as the situations evolve in many African countries, one truth becomes increasingly clear - remittances are emerging as a more… http://newsfeed.facilit8.network/THMl1l #Africa #Remittances #Philanthropy #EconomicDevelopment #SustainableFinance
Dear people with investment or pension funds: Please give this information to your asset managers/bank/pension fund managers. The environmental and social impact of gold is absolutely not justified just because somebody thought it was a good idea to diversify assets in this way.
The gold price is driven by mechanisms that are essentially like NFTs or crypto.
Just drop it.
