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This paper explores some implications of climate change for fiscal policies by assessing the impact of extreme weather events on public budgets. It presents selected case studies on the basis of available data for extreme weather events in the EU and the US that have occurred since 1990. We...
Persistent link: https://www.econbiz.de/10013111435
important data gap. We focus on German banks and measure their exposure to climate risk using CO2 emissions reported for German … bank risk, and investigate the concentration of emissions, companies, and plants within the portfolios of German banks …
Persistent link: https://www.econbiz.de/10014237270
the EU Sustainable Development Goals, this study aims to examine the impact of climate risk uncertainties (transitional … technological progress reduce ESG progress. This shows that the risk of climate change requires the introduction of stricter …
Persistent link: https://www.econbiz.de/10014635477
and report climate risks as a learning tool to improve their climate-risk management. However, as a voluntary initiative …' comprehension of what constitutes a climate-risk, how to map such risks and how to report them. The mapping and reporting of climate …-related risk may otherwise prove an inefficient tool to redirect and accelerate investments promoting a low-carbon and climate …
Persistent link: https://www.econbiz.de/10012649458
-term transition scenarios, we document a significant variance among banks in their risk exposure, with the most exposed institutions …
Persistent link: https://www.econbiz.de/10014558804
-implied credit risk across various time horizons. Findings show that firms with higher GHG emissions have higher CDS spreads at all … exposure to transition risk for a firm across different time horizons. However, it fails to account for a company's efforts to … to risk-differentiate ETS-participating firms from other firms. …
Persistent link: https://www.econbiz.de/10014283743
the risk-adjusted interest rate. Adding damages leads to a higher carbon price that grows more slowly. But as temperature …
Persistent link: https://www.econbiz.de/10012545087
price rises at the risk-adjusted interest rate. Adding damages leads to a higher carbon price that grows more slowly. But as …
Persistent link: https://www.econbiz.de/10012515093
; (iii) a novel set of climate-specific models to capture the direct and indirect transmission channels of climate risk …
Persistent link: https://www.econbiz.de/10012627188
In this working paper we provide a detailed descriptions of the impact to European Utilities on the impact of climate related risks.We include the impact of both transition and physical risks that could impact the companies over a period of time from 2020 to 2050. The approach utilises a long...
Persistent link: https://www.econbiz.de/10013242347