Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 10th Sept 2026, 07:06:13pm CEST (Norway)
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Daily Overview |
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Green finance and climate policies Location: Auditorium I Session Chair: Zijian Chen, Fudan University | |
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Transition Risks 1: University of Sydney, Australia; 2: University of British Columbia, Canada The ongoing transition to a low-carbon economy creates transition risks and opportunities for firms. We show that emission intensity is an insufficient predictor of a firm’s transition risk; other factors are also critical, including market structure, where emissions are released in the value chain, and the drivers of decarbonization—whether driven by costly regulations or productivity-enhancing innovation. Modelling a supply chain with Melitz-type industries, we show that high emissions do not necessarily translate to high transition risks. Moreover, commonly used risk metrics can misclassify some firms as vulnerable when they might actually benefit from economy-wide decarbonization. We outline conditions under which a firm’s Scope 1, 2, and 3 emissions accurately reflect its risk. We also identify scenarios in which aggregating these different emissions scopes enhances (or obscures) the true picture of a firm’s transition risk. Our paper lays out a framework for evaluating and improving the wide variety of transition-risk metrics currently used to guide investor decisions, inform stakeholders, and comply with climate-risk disclosure mandates. | |