Climate policies, transition risk, and financial stability
IIASA The way in which banks react to climate risks and uncertainty could impact financial stability as well as the world’s transition to a low-carbon economy. A new study by researchers from IIASA and the Vienna University of Economics and Business explored the role that banks’ expectations about climate-related risks will play in fostering or hindering an orderly low-carbon transition. According to the study published in a special issue on climate risks and financial stability of the Jour...
Nepomuk Dunz Asjad Naqvi Irene Monasterolo Vienna University Of Economics Vienna University Financial Stability
Source: miragenews.com