Q&A: The role of financial policies in climate action
The Human Development Report 2020, “The Next Frontier: Human development and the Anthropocene” — of which Ocampo was a contributor — explains that financial policies can help ensure the cost of climate risks are reflected in financial markets and regulatory frameworks.
Speaking to Devex, Ocampo explained the role of financial, monetary, and macroeconomic policies in paving the way toward lower greenhouse gas emissions and climate resilient development and how to put such policies together.
About the Author
José Antonio Ocampo
Professor of Professional Practice at Columbia University and former Minister of Finance of Colombia
Jose Antonio Ocampo is a Professor of Professional Practice in the School of International and Public Affairs and former Minister of Finance of Colombia. He is also a Fellow of the Committee on Global Thought at Columbia University. Prior to his appointment at Columbia, Professor Ocampo served as the United Nations Under-Secretary-General for Economic and Social Affairs, and head of UN Department of Economic and Social Affairs (DESA), as Executive Secretary of the UN Economic Commission for Latin America and the Caribbean (ECLAC), and has held a number of high-level posts in the Government of Colombia, including Minister of Finance and Public Credit, Director of the National Planning Department, and Minister of Agriculture . Professor Ocampo is author or editor of over 30 books and has published over 200 scholarly articles on macroeconomic theory and policy, international financial issues, economic development, international trade, and Colombian and Latin American economic history.