Too late, too sudden: Transition to a low-carbon economy and systemic risk

By Daniel Gros, Philip R. Lane, Sam Langfield, Sini Matikainen, M. Pagano, D. Schoenmaker, Javier Suárez. 2016

129 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/989c36165d528e8d068b54edc8756a8b9f06757b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Hugues Chenet
2. P. Drummond
3. Nadia Ameli
4. Alexander Bisaro
5. G. Semieniuk
6. Frank van Lerven
7. Josh Ryan‐Collins
8. Michael Grubb

In Renewable Energy, Sustainability and the Environment

1. P. Drummond
2. Nadia Ameli
3. Hugues Chenet
4. Alexander Bisaro
5. G. Semieniuk
6. Frank van Lerven
7. Josh Ryan‐Collins
8. Michael Grubb

Citations in the corpus

• Sustainable finance in Japan (2020, background): “This, in return, can lead to systemic risks for the entire financial sector once the mass of the losses and write-offs exceeds a critical threshold (Gros et al. 2016; Carney 2015, 2019).”
• Finance, climate-change and radical uncertainty: Towards a precautionary approach to financial policy (2021, background): “It is now widely accepted that climate change poses serious threats to financial stability and as such is material to central banks’ and financial supervisors’ mandates (see, inter alia, Carney, 2015; Gros et al., 2016; TCFD, 2017; Campiglio et al., 2018; NGFS, 2019a, 2019b; Bolton et al., 2020).”
• Climate risk and financial stability in the network of banks and investment funds (2020, unknown): “On the other hand, climate risks could also result from the transition to a low-carbon economy, referred to as transition risk (ESRB, 2016; Batten et al., 2016).”
• Stranded Assets in the Transition to a Carbon-Free Economy (2020, background): “Financial regulators are aware of these risks and Carney (2015) has made a strong case for climate stress testing the financial system (see Battiston et al. 2017; ESRB, 2016; Stolbova et al., 2018; Delis et al., 2019) and (activist) shareholders are slowly taking note.”
• Fostering green investments and tackling climate-related financial risks: Which role for macroprudential policies? (2019, unknown): “In our analysis, we focus in particular on the extent to which a prudential regulation, explicitly aimed at promoting a green economic transition, is a tool policymakers could and should use to foster green investments and mitigate climate-related financial risk (Carney, 2015; Gros et al., 2016; Dra”
• Low‐carbon transition risks for finance (2020, background): “14 See, for instance, Batten, Sowerbutts, and Tanaka (2016), ESRB (2016), Finansinspektionen (2016), Regelink, Reinders, Vleeschhouwer, and van de Wiel (2017), PRA (2018), and NGFS (2019).”
• Climate finance and disclosure for institutional investors: why transparency is not enough (2019, background): “…system, is now a prime goal of industry and policy efforts in the climate finance arena (see chronology proposed by Chenet 2019b and recent literature on the nature and characteristics of climaterelated financial risks, e.g. UNFCCC 2018; CISL 2018; Chenet et al. 2015; Gros et al. 2016; TCFD 2017).”