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We ask if bank supervisors’ efforts to combat climate change affect banks' lending and their borrowers’ transition to the carbon-neutral economy. Combining information from the French supervisory agency’s climate pilot exercise with borrowers' emission data, we first show that banks that...
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Does banking supervision affect borrowers‘ transition to the carbon-neutral economy? We use a unique identification strategy that combines the French bank climate pilot exercise with borrowers‘ carbon emissions to present two novel findings. First, climate stress tests actively facilitate...
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A 3-dimensional climate justice approach introduces to share the benefits and burden of climate change in an economically efficient, legally equitable and practically feasible way around the globe. Climate justice within a country pays tribute to low and high-income households carrying the same...
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I study the implications of climate change and adaptation on housing and income, and wealth. I embed climate change in … redistributive, as it amplifies both income and wealth inequality. Low-income workers experience a relatively larger decline in … wealth rises. Furthermore, I find that adapting to climate change is more challenging for lowincome households who are …
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