Research Archive
Climate Defaults and Financial Adaptation
A new model of climate-induced cyclones shows they cause welfare losses and permanent consumption drops in emerging economies. Financial adaptation instruments like insurance only partially offset losses.
The Treatment Of Physical Climate Risks By Central Banks
This report analyses challenges, progress and future strategies for managing physical risks in India. Researchers advocate for a phased and proportional approach to mandatory standards to overcome capacity issues.
The Climate Change Risk Reduction Trap
Kuwait’s current economic diversification plans may inadvertently increase domestic vulnerability to climate risks, warn researchers.
Integrating Climate Adaptation and Natural Capital Into Macroeconomic Frameworks and Debt Sustainability
The IMF’s current macroeconomic frameworks are leading to misaligned policy advice for the global south. This paper outlines the technical adjustments needed to address this.
Acute Physical Impacts From Climate Change and Monetary Policy
Regulators are struggling to model the escalating impact climate is having on prices. This NGFS framework offers central banks tools needed to begin addressing this gap.
Climate-Related Infrastructure Failure Has Complex and Far-reaching Economic Impacts
Financial risk assessments underestimate climate impacts on infrastructure so this paper proposes a new methodology for improving evaluation of cascading impacts.
The Globalization of Climate Change
Climate economic models widely underestimate physical risks by ignoring global supply chain interconnections, which can potentially amplify GDP losses up to 30 times.
The ESG Washing in Banks
To divert attention from their unsustainable practices, low ESG-rated banks lend to firms with better ratings, says a study showing markets react well to such ‘ESG-washing’.
Imposing Sustainability Disclosure on Investors
EU funds lowered their carbon emissions following the introduction of mandatory sustainability reporting, finds this paper for the European Corporate Governance Institute.
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