Finance and climate change risk : managing expectations

Claudio Borio, Stijn Claessens and Nikola Tarashev

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

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Year of publication:	2023
Authors:	Borio, Claudio E. V. ; Claessens, Stijn ; Tarashev, Nikola A.
Published in:	econPol Forum : a bi-monthly journal on European economic issues. - Munich, Germany : CESifo GmbH, ISSN 2752-1184, ZDB-ID 3135598-5. - Vol. 24.2023, 1, p. 5-7
Subject:	Klimawandel \| Climate change \| Risikomanagement \| Risk management \| Theorie \| Theory \| Risiko \| Risk

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	hdl:10419/272148 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013555393