Finance and climate change risk: Managing expectations
The financial sector has a key role to play in supporting the green transition. It is unrealistic to expect financial markets to induce the green transition unless the right signals come from the real economy. Unrealistic expectations can set the financial sector up for failure and derail the green transition. Risks to financial stability stem from exposure to overvalued emission-intensive assets, but also to overvalued "green" assets or assets that purport to be green
Year of publication: |
2023
|
---|---|
Authors: | Borio, Claudio ; Claessens, Stijn ; Tarashev, Nikola A. |
Published in: |
EconPol Forum. - ISSN 2752-1184. - Vol. 24.2023, 1, p. 5-7
|
Publisher: |
Munich : CESifo GmbH |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Finance and climate change risk : managing expectations
Borio, Claudio E. V., (2023)
-
Borio, Claudio E. V., (2022)
-
Risk attribution using the shapley value : methodology and policy applications
Tarashev, Nikola A., (2016)
- More ...