It has become widely acknowledged that the looming climate crisis and the necessary transition to a low-carbon economy can and will be financially material for financial institutions. Accordingly, microprudential supervisors have started including climate-related financial risks in their daily...

The paper provides estimates of economic impacts of climate change, compares these with historical impacts of drought spells, and estimates the extent to which the current Moroccan agricultural development and investment strategy, the Plan Maroc Vert, helps in agricultural adaptation to climate...

Climate change impacts are already noticeable today. Their future effects and costs is of increasing intrest and a growing number of research papers hence investigate climate change impacts and climate change adaptation. However, research focused mainly on the US economy and or on the...

We use a structural VAR model to study the German natural gas market and investigate the impact of the 2022 Russian supply stop on the German economy. Combining conventional and narrative sign restrictions, we find that gas supply and demand shocks have large and persistent price effects, while...

The Special Report on Emissions Scenarios (SRES) has been widely used to analyze climate change impacts, vulnerability and adaptation. The storylines behind these scenarios outline alternative development pathways, which have been the base for climate research and other studies at global,...