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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 Journal of Financial Stability, banks and their expectations about climate-related risks – and especia...

Climate policies, transition risk, and financial stability 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. © Visual Generation | Dreamstime.com According to the study published in a special issue on climate risks and financial stability of the Jo...