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LAST week the Scottish Government released their yearly Government Expenditure and Revenue Scotland (GERS) report, the most intensely discussed set…
ONE of the major faults of macroeconomic discussion around GERS is the narrow focus on just one part of the economy. Political and economic…
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 worldâs 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 banksâ 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...