We analyze the relationship between climate risk and fiscal space in a systematic and rigorous way. To do so, we use … climate risk- fiscal space nexus. More specifically, the impact of climate risk on fiscal space is greater when fiscal space …

-reaching that it should, as this article argues, be termed a systemic risk. As such, the economic implications of climate change …

-carbon economy, namely, orderly transition, disorderly transition, and no transition (hot house world). We describe three systemic … risk metrics computed from a copula-based model of dependence between financial firm returns and financial asset market … returns: climate transition expected returns, climate transition value-at-risk, and climate transition expected shortfall …