Finance and Climate Change Risk: Managing Expectations
Claudio Borio,
Stijn Claessens () and
Nikola Tarashev
EconPol Forum, 2023, vol. 24, issue 01, 5-7
Abstract:
The financial sector has a key role to play in supporting the green transition It is unrealistic to expect financial markets to induce the green transition unless the right signals come from the real economy Unrealistic expectations can set the financial sector up for failure and derail the green transition Risks to financial stability stem from exposure to overvalued emission-intensive assets, but also to overvalued “green” assets or assets that purport to be green
Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (3)
Downloads: (external link)
https://www.cesifo.org/DocDL/econpol-forum-2023-1- ... imate-changerisk.pdf (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:ces:epofor:v:24:y:2023:i:01:p:5-7
Access Statistics for this article
EconPol Forum is currently edited by Chang Woon Nam
More articles in EconPol Forum from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().