Climate change has become a main concern of ministries of finance, central banks, and financial regulators. In response, a suite of scenarios and tools have been developed tthe potential scale of climate risks and underprice investments in resilience. This is particularly important for emerging...

This paper builds on existing production network models to study the impact of global and sub-global carbon pricing. It uses the World Input-Output Database (WIOD) to calibrate intersectoral trade between seven regions and 56 economic sectors per region as well as EXIOBASE’s sectoral accounts...

In recent decades, Zimbabwe’s development record has been disappointing. In the last few years, a severe drought and the Covid-19 pandemic have added to the country’s development challenges. This paper is concerned with the long-run need to find a path toward faster growth in GDP,...

We conduct a hybrid scenario exercise to analyze decarbonization pathways of the European power market and related distributional effects across countries as well as between consumers and producers. Our CIB analysis reveals qualitative scenarios that differ in the level of political (stringency...

Climate change has become a main concern of ministries of finance, central banks, and financial regulators. In response, a suite of scenarios and tools have been developed tthe potential scale of climate risks and underprice investments in resilience. This is particularly important for emerging...

Im vergangenen Jahr waren die Zuwachszahlen im Bereich der Elektromobilität in Deutschland höher als jemals zuvor. Das enorme Wachstum ist vor allem der EU-Verordnung zur Flottenemissionsnorm zu verdanken. Die Elektromobilität hat damit einen wichtigen Schritt gemacht und gezeigt, dass sie...

Objective and research methodology: The objective of this paper is to examine the possibility of achieving sustainable development in current scenario. This paper is explorative by nature and secondary sources have been used as the source of information.Finding: The world’s governments have...

The global energy market is going through the unprecedented change. Ability to identify what driving forces will be transforming the markets in coming decades and shape the future of energy is a key for policymakers and industry in developing better working strategies. At the same time, the...

This century has seen an impressive increase in public access to fiscal information and civic engagement on budget issues. Norms of fiscal transparency have gained ground around the world. Yet many advocates and practitioners in the fiscal transparency and accountability (T/A) field expected...

This paper introduces the quantile regression- based Distance-to-Default to Probability of Default (DD-PD) mapping, which links individual firms’ DD to their real world PD. Since changes in the DD depend on a handful of parameters, the mapping easily accommodates shocks arising from...

This paper aims to unpack the pro-social motivations of green innovators. In a field experiment inviting SBIR grantees to learn more about and apply to MIT Solve, we provide scientifically valid scenarios varying the time-frame and scale of human cost of climate change. Innovators' response in...

To deal with the so-called transition risk implied by climate change, investment banks are asked to produced scenario. We question this methodology and try to trace back the theoretical foundation of such a recommandation. We conclude by exploring other ways to deal with transition risk,...

Because electricity is a homogeneous commodity, the origin of a specific MWh of delivered green electricity cannot be determined. Thus, Guarantees of Origin (GoO) were introduced in order to enhance transparency on the origin of production of green electricity in Europe. The separation of...

This paper incorporates uncertainties of model risk in a stress scenario for house prices. Our approach consists of mapping the Gaussian (or other alternative) distribution quantiles to the quantiles of the empirical distribution using a statistical criterion. The mapping corrects for the...

• Scenario planning can mitigate losses, increase market expansion, prevent business regional exit and maximise profits.• Global banks must form partnerships with local and Islamic banks in global markets to utilize local expertise, acceptance and success.• Businesses operating in...

For future low-carbon energy systems with high shares of renewable energy, temporal representation becomes the dominant factor that impacts the model outputs and analysis conclusions; therefore, relevant and complex modelling approaches are required. We present and apply specific methodology for...

Small, medium, and micro enterprises make important contributions to economic growth and employment. Based on evidence from of the tire processing industry in Ecuador, this article assesses the development prospects for such companies in the context of the transition to a circular economy. The...

We develop a general approach for stress testing correlations of financial asset portfolios. The correlation matrix of asset returns is specified in a parametric form, where correlations are represented as a function of risk factors, such as country and industry factors. A sparse factor...

Purpose: For a long time, online food retail, especially in Germany, lagged strongly behind other e-commerce industries. The COVID-19 pandemic gave this market an unforeseen boost in demand. Nevertheless, numerous problems still exist in the industry, such as lack of profitability, staff...

In November 2020, the Bank of Canada launched a pilot project with the Office of the Superintendent of Financial Institutions aimed at better understanding risks to the economy and the financial system related to climate change. Part of this work included developing a set of Canada-relevant...

Wind and solar energy play a pivotal role in deep decarbonization pathways for the future. However, energy scenario studies differ substantially in the contribution of these technologies, as the technology selection in models strongly depends on the choice of techno-economic parameters. In this...

Germany strives to reduce its greenhouse gas (GHG) emissions by at least 80% by 2050 compared to 1990 levels. In the underlying roadmap (Climate Action Plan 2050), natural gas is declared to be a bridge energy carrier into a carbon neutral era. But, since the roadmap only describes guiding...

Climate change is one of the greatest challenges facing humankind this century. If left unchecked, it is likely to result in more frequent and severe climatic events, with the potential to cause substantial disruption to our economies, businesses and livelihoods in the coming decades. Yet the...

Klima- und Umweltschutz spielen bereits heute eine wichtige Rolle auf dem Arbeitsmarkt. Durch den Ausbau erneuerbarer Energien, Investitionen in Energieeffizienzmaßnahmen sowie durch die Nachfrage nach umweltschutzorientierten Dienstleistungen und Umweltschutzgütern ergibt sich aktuell ein...

The industry consensus on the implementation of the International Financial and Reporting Standard 9 - Financial Instruments (IFRS9) in the field of credit risk is that the estimation of credit risk parameters should be conditioned in the baseline, upside and downside macroeconomic scenarios...

Im vergangenen Jahr waren die Zuwachszahlen im Bereich der Elektromobilität in Deutschland höher als jemals zuvor. Das enorme Wachstum ist vor allem der EU-Verordnung zur Flottenemissionsnorm zu verdanken. Die Elektromobilität hat damit einen wichtigen Schritt gemacht und gezeigt, dass sie...