Scenario Analysis and the Economic and Financial Risks from Climate Change

Erik Ens and Craig Johnston

No 2020-3, Discussion Papers from Bank of Canada

Abstract: This paper adapts climate-economy models that have been applied in other contexts for use in climate-related scenario analysis. We consider illustrative scenarios for the global economy that could generate economic and financial risks. Our results suggest there are significant economic risks from climate change and the move to a low-carbon economy.

Keywords: Climate change; Economic models; Financial stability; International topics (search for similar items in EconPapers)
JEL-codes: C6 C68 D5 D58 E5 E50 O4 O44 P1 P18 Q4 Q5 Q54 Q55 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2020-05
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env, nep-mac and nep-ore
References: Add references at CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://www.bankofcanada.ca/2020/05/staff-discussion-paper-2020-3/ Abstract (text/html)
https://www.bankofcanada.ca/wp-content/uploads/2020/05/sdp2020-3.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bca:bocadp:20-3

Access Statistics for this paper

More papers in Discussion Papers from Bank of Canada 234 Wellington Street, Ottawa, Ontario, K1A 0G9, Canada. Contact information at EDIRC.
Bibliographic data for series maintained by ().