The paper introduces an integrated approach, blending Opinion Dynamics with a Macroeconomic Agent-Based Model (OD-MABM). It aims to explore the co-evolution of climate change mitigation policy and public support. The OD-MABM links a novel opinion dynamics model that is calibrated for European...

Climate change is an existential threat to the world economy, with complex, evolving and nonlinear dynamics that remain a source of great uncertainty. There is a bourgeoning literature on the economic impact of climate change, but research on how climate change affects sovereign risks is...

A range of studies has analysed how climate-related risks can impact financial markets, focusing on equity and corporate bond holdings. This article takes a closer look at transition risks and opportunities in residential mortgages. Mortgage loans are important from a financial perspective due...

Climate change poses several risks to the value of financial assets and financial stability. The study conducted in this paper focuses on the German banking sector and estimates its exposure to climate risks arising from a transition to a carbon-neutral economy. Our analysis identifies the...

Against the backdrop of climate-mitigation and green growth policies as well as regulations to account for climate-related risks in the financial sector, this study employs the Computable General Equilibrium model and Merton's Distance to Default model to study the implications of Kenya...

Im Klimaschutzgesetz hat sich Deutschland verpflichtet, schrittweise bis 2045 klimaneutral zu werden. Unternehmen aus Industrie und dem Dienstleistungssektor müssen daher ihre Produktion und Geschäftspraktiken umstellen, Finanz institutionen ihre Bewertungskriterien anpassen. Das bedarf in...

In its Federal Climate Change Act, Germany has committed to achieving climate neutrality by 2045. To do so, companies from both the industrial and the service sectors must adjust their production and business practices, and financial institutions must adjust their evaluation criteria. In many...

Climate change poses several risks to the value of financial assets and financial stability. The study conducted in this paper focuses on the German banking sector and estimates its exposure to climate risks arising from a transition to a carbon-neutral economy. Our analysis identifies the...