Euro Area banks' sensitivity to changes in carbon price

• Published in: IDEAS Working Paper Series from RePEc
• Main Authors: Belloni, Marco, Kuik, Friderike, Mingarelli, Luca
• Format: Paper
• Language: English
• Published: St. Louis Federal Reserve Bank of St. Louis 01.01.2022
• Subjects: Carbon; Climate change; Prices

In recent years there has been growing attention on the risks posed by climate change. One relevant question for financial stability is to which extent the materialisation of transition risks emerging from the sudden implementation of climate change mitigation policies would impact the financial syste...