The impact of a stress scenario of default events on the loss distribution of a credit portfolio can be assessed by determining the loss distribution conditional on these events. While it is conceptually easy to estimate loss distributions conditional on default events by means of Monte Carlo...

The ClimWood2030 study, commissioned by DG CLIMA of the European Commission, quantifies the five ways in which the EU forest sector contributes to climate change mitigation: carbon sequestration and storage in EU forests, carbon storage in harvested wood products in the EU, substitution of wood...