Gros, Daniel; Lane, Philip R.; Langfield, Sam; … - 2016
decisive shift away from fossil-fuel energy and related physical capital. In an adverse scenario, the transition to a low … correspondingly higher. This adverse scenario could affect systemic risk via three main channels. First, a sudden transition away from …-tested under the adverse scenario of a late and sudden transition. In the short-term, joint research efforts of energy experts and …