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-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
The article reviews the literature on the relationship between climate change and central bank policies. Central banks conduct monetary policy and are responsible for macroprudential supervision. The article focuses on the consequences of transition and physical risks for financial stability and...
Persistent link: https://www.econbiz.de/10014518593
This study assesses the global economic consequences of climate-related risk in three broad areas: (1) the … macroeconomic impacts of physical climate risk due to chronic climate change associated with global temperature increases and … by 2050 (transition risk); and (3) the potential macroeconomic consequences of changes in risk premia in financial …
Persistent link: https://www.econbiz.de/10013235452
Many river basins will likely face higher hydrologic variability, including extreme floods and droughts, due to climate change, with economic and political consequences. Water treaties that govern international basins could face non-compliance among riparians and inter-state tensions as...
Persistent link: https://www.econbiz.de/10014150177
in the country in order to measure the impact of climate change on the dengue risk in Brazil, and also examine the public … risk, a comparative case study research will be used, based on the comparison of cities that suffered from specific climate … conditions that increased the risk of dengue with cities whose climatic conditions stayed the same. The counterfactual will be …
Persistent link: https://www.econbiz.de/10011495421
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 …
Persistent link: https://www.econbiz.de/10013066990
prevent the accurate assessment of market risk. The assumption is that these gaps can be remedied via disclosure, transparency …
Persistent link: https://www.econbiz.de/10012843985
climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter … benchmark integrated assessment model. This study moves beyond recent catastrophe or tipping point studies with arbitrary risk … introduced here informs risk management strategies that balance uncertain future climate change impacts with the costs of …
Persistent link: https://www.econbiz.de/10013019654
millions more. To identify the climate impacts on dengue risk in Brazil, a comparative case study is used based on the …
Persistent link: https://www.econbiz.de/10013043105
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