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).
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Daily Overview |
| Session | |
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Climate Change and Finance Location: B136 Session Chair: Christoph Meinerding, Deutsche Bundesbank | |
| Presentation 4 | |
Shocks to transition risk 1: Deutsche Bundesbank; 2: University of Zurich We propose a robust and comprehensive method to identify shocks to transition risk emerging from the shift towards a carbon-neutral economy. We apply it to the US, UK, and Germany and find that various types of events constitute shocks to transition risk. Shocks arise especially from political decisions, going beyond adjustments in specific policy instruments like carbon taxes, underscoring the transition's complexity. In VAR analyses, these shocks have important aggregate effects and induce financial instability. Sectorally, they predominantly impact industries related to fossil fuels and energy. Across countries, relevant differences emerge, emphasizing the importance of country specificities for the transition. | |

