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Persistent link: https://www.econbiz.de/10014434201
carbon-intense firms, the cost of protection against downside tail risk is magnified at times when the public's attention to …
Persistent link: https://www.econbiz.de/10012851985
system in the low-carbon transition can lead to a large underestimation of climate transition risk. The set of scenarios that … financial supervisors recommended to investors to analyse climate transition risk include scenarios labelled as ‘disorderly … reshaped depending on the timing and the extent by which financial actors assess climate risk …
Persistent link: https://www.econbiz.de/10013245676
The Security and Exchange Commission (SEC) has considered climate change as a risk issue since 2010. Several emission … financial performances, especially of listed companies. There are two ways these companies can disclose their transition risk … exposure and are not alternatives. One is the explicit declaration of exposure to transition risk in the legally binding …
Persistent link: https://www.econbiz.de/10012694482
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
-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude …
Persistent link: https://www.econbiz.de/10011305430
), the higher its transition risk. Recent Hungarian trends of this indicator alerts to significantly regrowing risks. …
Persistent link: https://www.econbiz.de/10012613333
There is a lot we know about climate change, but there is also a lot we don't know. Even if we knew how much CO2 will be emitted over the coming decades, we wouldn't know how much temperatures will rise as a result. And even if we could predict the extent of warming that will occur, we can say...
Persistent link: https://www.econbiz.de/10012225170
The social cost of carbon - or marginal damage caused by an additional ton of carbon dioxide emissions - has been estimated by a U.S. government working group at $21/tCO2 in 2010. That calculation, however, omits many of the biggest risks associated with climate change, and downplays the impact...
Persistent link: https://www.econbiz.de/10009521469
This note considers the treatment of risk and uncertainty in the recently established "social cost of carbon" (SCC) for … discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by … that very target. -- Ambiguity ; climate change ; discounting ; integrated assessment modelling ; risk ; social cost of …
Persistent link: https://www.econbiz.de/10009238751