How Can Investment Decisions Influence Climate Change?

Hendrik Hakenes
Profile Picture of - Hendrik Hakenes

Hendrik Hakenes

Abstract information

In considering their impact on climate change, individuals naturally think about consumption. In this video, HENDRIK HAKENES argues that people need to give equal weight to their investments. Hakenes constructs a mathematical model which allows him to explore the effectiveness of different decisions around consumption and investment. Though conventional wisdom suggests that reducing consumption takes priority, the research finds that investment is just as important. Hakenes work helps people to understand how they can more effectively reduce their carbon footprint by paying more attention to investments that they may not have consciously undertaken, via pension funds and insurance for example.

DOI:

https://doi.org/10.21036/LTPUB101029

Researcher

Hendrik Hakenes is Professor of Finance at the University of Bonn. Having completed his PhD at the University of Münster, Hakenes has also held research positions at the Max Planck Institute for Research on Collective Goods, the University of Minnesota and Leibniz University Hannover. Hakenes’s research focuses on banking and finance and industrial economics. An editor for Credit and Capital Markets, since 2018 Hakenes has been principal investigator on a special research project based at the University of Mannheim: “Economic Perspectives on Societal Challenges: Equality of Opportunity, Market Regulation, and Financial Stability”.

Institution information

University of Bonn (Rheinische Friedrich-Wilhelms-Universität Bonn)

The University of Bonn is one of Germany’s most prestigious and research-intensive institutions, consistently ranked among the top universities worldwide. Founded in 1818, it is celebrated for its academic excellence, particularly in mathematics and economics, and boasts a record of producing several Nobel Laureates and Fields Medalists. Located in the former German capital, the university is integrated into the city’s historic fabric, offering a vibrant international environment and a diverse range of programs across seven faculties. As a member of the elite U15 group, it remains a global leader in innovation and higher education.
University of Bonn (Rheinische Friedrich-Wilhelms-Universität Bonn)
Cover Photo of - University of Bonn (Rheinische Friedrich-Wilhelms-Universität Bonn)

Original Publication

Responsible investment and responsible consumption

Hendrik Hakenes,

Eva Schliephake

Published in

Citation

Hendrik Hakenes, 

Latest Thinking, 

How Can Investment Decisions Influence Climate Change?, 

https://doi.org/10.21036/LTPUB101029, 

Credits:

© Hendrik Hakenes 

and Latest Thinking

This work is licensed under CC-BY 4.0