; (iii) a novel set of climate-specific models to capture the direct and indirect transmission channels of climate risk …

-term transition scenarios, we document a significant variance among banks in their risk exposure, with the most exposed institutions …

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 …

that, even conditional on the net-zero 2050 scenario, there remains a significant risk of elevated temperatures for at …

. Specifically, we introduce a measure called CRISK, systemic climate risk, which is the expected capital shortfall of a financial … institution in a climate stress scenario. We use the measure to study the climate-related risk exposure of large global banks in …

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 …

that, even conditional on the net-zero 2050 scenario, there remains a significant risk of elevated temperatures for at …

country relevant to transition risk. Finally, this paper provides a comprehensive analysis of the impact of transition risk on … financial risk. An accelerated transition to a carbon-neutral economy would be helpful to contain risks for financial …