Background: A societal shift in attitudes is going to be required to reduce greenhouse gas emissions in the field of transportation, which is crucial to the level of mitigation that can be achieved. There is increasing pressure on policymakers to address climate change and, in turn, to promote...

We review the design and communication of monetary policy strategies that take into account risks and uncertainty. A key element in a robust monetary strategy is the concept of risk management, which is the weighing of key risks when setting policy. When risks to the outlook are balanced, the...

This study assesses euro area banks' profitability using granular stress test data from three EU-wide exercises, coordinated by the European Banking Authority, that took place in 2016, 2018, and 2021. We propose a credit portfolio-level risk-adjusted return on assets for the euro area as a whole...

This study examines the required return to fund a defined pension benefit of the Civil Service Pension Fund, managed by KWAP. Based on the four variables, contribution rate, retirement age, life expectancy, and length of service, this study simulates 648 scenarios of required return...

The current inflationary period has placed the spotlight on hunger and food insecurity, as the current Philippine Development Plan has strongly emphasized the attainment of food affordability for all Filipinos. This study offers a scenario analysis using computable general equilibrium modeling...

It has become widely acknowledged that the looming climate crisis and the necessary transition to a low-carbon economy can and will be financially material for financial institutions. Accordingly, microprudential supervisors have started including climate-related financial risks in their daily...

Commercializing technologies from universities is often hindered by insufficient resources, prolonged development cycles, and limited industry engagement. A Technology Transfer Office (TTO) typically supports these efforts, yet many initiatives still fail without an effective strategy. This...

The main goal of this study is to document the Non-Utopian Unreal Scenarios -or NUUS- and to propose a mathematical approach, presenting them as a strategic tool that seeks to contribute to decision-making processes in various fields, in addition to those already existing, such as, for example,...

Over the past few decades, there has been significant development in actions aimed at global energy transition, with the goal of reducing greenhouse gas emissions. The energy sector plays a significant role in this endeavor, contributing 76% of the world's total emissions. Considering...

This study examines the impacts of enhancing technology progress in clean energy technologies on the global energy system and economy. The analysis focuses on eight thematic technology groups, including wind, solar, batteries, hydrogen and fuel cells, carbon capture, direct air capture and...

Space holds promise for both economic prosperity and the attainment of strategic goals. The EU's future role in space is contingent on fast-changing geopolitical dynamics, which can range from peaceful cooperation to heightened competition or conflict among global powers. Given the importance of...

Energy-related carbon emissions from the transportation sector are one of the major obstacles to achieving global carbon reduction targets. Current research on transportation energy mainly focuses on the energy end-use stage, with a lack of simulations covering both the front-end and end-use...

In October 2022, the European Commission ('the Commission') updated the common statistical classification of economic activities in the European Union (NACE). This took place by means of Commission Delegated Regulation (EU) 2023/137 (the 'NACE Rev. 2.1 Delegated Act'), which established NACE...

We develop a novel stress testing framework to quantify the risks to the German banking sector from the green transition. Our methodology combines a macro-level and a micro-level approach to calculate scenario-dependent probabilities of default and losses. The macro approach leverages...

Die Studie analysiert die potenziellen wirtschaftlichen Auswirkungen verschiedener handelspolitischer Szenarien zwischen der Schweiz und den USA. Die USA sind nach der Europäischen Union der wichtigste Handelspartner der Schweiz, der auch mittelfristig hohe Wachstumsaussichten bietet. Mithilfe...

Scenario analysis is a well-established management tool for developing and executing organizational strategy. While stress testing (a form of scenario analysis) has been used for policy-making and benchmarking in the banking sector, climate-related scenario analysis is a more recent development....

This study uses prefecture-level city statistical data from China from 2000-2022 to measure the supply and demand of livestock manure nitrogen nutrients and calculates farmland livestock carrying capacity using the nitrogen nutrient balance method. We investigate nitrogen supply and demand and...

Scenarios and pathways, as defined and used in the "SSP-RCP scenario framework", are key in last decade's climate change research and in the latest report of the Intergovernmental Panel on Climate Change (IPCC). In this framework, Shared Socioeconomic Pathways (SSP) consist of a limited set of...

Bio-based fertilizers (BBFs) can be a solution for converting agricultural waste into new products useful for increasing organic matter in the soil, thus reducing the consumption of mineral fertilizers. This can contribute to the ecological transition launched by the European Commission for the...