CCSI and the Columbia Climate School co-hosted a talk by Ulrich Volz on "Reversing the Vicious Circle of Debt, Underdevelopment, and Environmental Change," as part of the Columbia Climate School Research Seminar Series.
This seminar examined how climate vulnerability and nature loss create a vicious circle in which developing countries face higher sovereign risk, rising capital costs, and decreasing fiscal space for investment. It subsequently discussed ways of enhancing investment in resilience and sustainable development to reverse this process and create a virtuous circle.
Ulrich Volz is Professor of Economics and Director of the Centre for Sustainable Finance at SOAS, University of London. He is also a Senior Research Fellow at the German Institute of Development and Sustainability, Visiting Professor at the London School of Economics and Political Science, and Research Fellow at the Centre for Economic Policy Research. He has acted as an advisor to numerous governments, central banks, international organizations, and development agencies on matters of macroeconomic policy, climate risk and sustainable finance, and financial sector development.
