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

management of transition risk exposures. Banks that signed the Net-Zero Alliance have reduced their exposures compared to non …

. 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 …

one of the world's most urgent priorities. This paper assesses the impact of three potential transition pathways … 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 …

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 …