Understanding Climate Risks: A Banking Perspective
Understanding Climate Risks: A Banking Perspective

Author(s): Panagiotis Mavridis
Subject(s): Politics / Political Sciences, Politics, Economy, Energy and Environmental Studies, Environmental and Energy policy
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: banking sector; climate risks; financial regulation
Summary/Abstract: Climate change effects on financial assets, either from natural disasters or shifts in policy and technology, can no longer be disregarded. Despite the fact that most countries have committed to the 2015 Paris Climate Agreement, the great majority of private and public financial capital is still being allocated to economic activities that are deviating from this direction or worse in some cases are in opposition to those goals. How much of a risk does this discrepancy pose for financial institutions and in particular, for financial stability? This paper aims at presenting key points on a banking perspective of climate risks.

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