on assessing banks' resilience to climate-related financial shocks from a risk-oriented viewpoint, e.g. based on … dedicated climate stress tests, we argue in this paper for a complementary perspective beyond prudential supervision, namely …

The 29th Climate Change Conference (COP29) in Baku revealed a shift in the balance of power in international climate … politics following the US elections. While China played a constructive role in the negotiations on international climate … on mitigation, while middle powers increasingly criticised the EU’s climate protection measures. To obviate the risk of …

-to-default. We develop a novel dataset covering firms' greenhouse gas emissions alongside climate disclosure and forward … for European than US firms, probably reflecting differential climate policy expectations. A dynamic difference …-in-differences approach also shows that European firms who make a climate commitment subsequently experience an improvement in their credit …