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 Objectives

The GreenFin project aims to assess the conditions for scaling up green finance in Austria while avoiding trade-offs on macroeconomic performance, and financial stability and inequality, against a scenario of inaction. Green finance paths characterised by different market instruments, mission-oriented green policies and governance structures will be assessed in terms of their ability to foster green investments, economic competitiveness, fiscal and financial stability, i.e., a green new deal. 

IIASA Research

The GreenFin project is interdisciplinary with regard to the research questions, the methodologies and the expertise applied. It consists of five major research steps:

1. A comprehensive review of current sustainable finance initiatives, instruments and mechanisms with a broad geographical coverage.
2. Financial econometric models to test Austrian investors’ reactions to the Paris Agreement, and the conditions for green financial portfolios to outperform brown portfolios.
3. Macro-financial assessment of the introduction of green fiscal policies, financial regulation and green bonds in Austria.
4. A North-South model to assess macroeconomic and financial effects of greening Austrian development finance on the beneficiary countries in the Western Balkans.
5. Toolkit to support Austrian policy and decision- makers in their ex-ante evaluation of initiatives for scaling up green finance.