An Exploration of Climate-Related Financial Risks for Credit Guarantee Schemes in Europe:
This paper assesses the vulnerability of credit guarantee schemes to the physical and transition risks related to climate change. Based on unique sectoral and spatial data from 29 European credit guarantee schemes linked to a range of vulnerability metrics, the paper identifies guarantees-at-risk, b...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
The World Bank
2022
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Schlagworte: | |
Online-Zugang: | Volltext |
Zusammenfassung: | This paper assesses the vulnerability of credit guarantee schemes to the physical and transition risks related to climate change. Based on unique sectoral and spatial data from 29 European credit guarantee schemes linked to a range of vulnerability metrics, the paper identifies guarantees-at-risk, builds a transition risk score to rank sectors at risk, and conducts a stylized stress test to assess potential financial losses that credit guarantee schemes could incur under adverse climate-related scenarios. The results show that about one-third of credit guarantee schemes' guarantee portfolios is toward sectors that have high exposure to a disorderly energy transition. European credit guarantee schemes are also exposed to a broad range of climate-related physical risks, especially wildfires, coastal floods, and river floods, with 24-31 percent of outstanding guarantees toward sectors that have elevated exposure to climate change and weather variability. Finally, for transition and physical risk scenarios, the annual expected loss on the guarantee portfolio could increase by EUR 181 million and EUR 128 million, respectively. The results suggest that credit guarantee schemes could start integrating climate-related financial risks into their risk management frameworks |
Beschreibung: | 1 Online-Ressource (30 Seiten) |
DOI: | 10.1596/1813-9450-10232 |
Internformat
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520 | 3 | |a This paper assesses the vulnerability of credit guarantee schemes to the physical and transition risks related to climate change. Based on unique sectoral and spatial data from 29 European credit guarantee schemes linked to a range of vulnerability metrics, the paper identifies guarantees-at-risk, builds a transition risk score to rank sectors at risk, and conducts a stylized stress test to assess potential financial losses that credit guarantee schemes could incur under adverse climate-related scenarios. The results show that about one-third of credit guarantee schemes' guarantee portfolios is toward sectors that have high exposure to a disorderly energy transition. European credit guarantee schemes are also exposed to a broad range of climate-related physical risks, especially wildfires, coastal floods, and river floods, with 24-31 percent of outstanding guarantees toward sectors that have elevated exposure to climate change and weather variability. Finally, for transition and physical risk scenarios, the annual expected loss on the guarantee portfolio could increase by EUR 181 million and EUR 128 million, respectively. The results suggest that credit guarantee schemes could start integrating climate-related financial risks into their risk management frameworks | |
650 | 4 | |a Adaptation To Climate Change | |
650 | 4 | |a Climate Change | |
650 | 4 | |a Climate Change Economics | |
650 | 4 | |a Climate Change Impacts | |
650 | 4 | |a Climate Change Policy and Regulation | |
650 | 4 | |a Credit Guarantee | |
650 | 4 | |a Energy Price Shock | |
650 | 4 | |a Environment | |
650 | 4 | |a Financial Stability | |
650 | 4 | |a Fossil Fuel Subsidies | |
650 | 4 | |a Fossil Fuel Transition | |
650 | 4 | |a Macroeconomics and Economic Growth | |
650 | 4 | |a Physical Risk | |
650 | 4 | |a Public Sector Development | |
650 | 4 | |a Transition Risk | |
700 | 1 | |a Reinders, Henk Jan |e Sonstige |4 oth | |
776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Calice, Pietro |t An Exploration of Climate-Related Financial Risks for Credit Guarantee Schemes in Europe |d Washington, D.C. : The World Bank, 2022 |
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912 | |a ZDB-1-WBA | ||
943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-034341368 |
Datensatz im Suchindex
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author | Calice, Pietro |
author_facet | Calice, Pietro |
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discipline | Wirtschaftswissenschaften |
discipline_str_mv | Wirtschaftswissenschaften |
doi_str_mv | 10.1596/1813-9450-10232 |
format | Electronic eBook |
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illustrated | Not Illustrated |
index_date | 2024-07-03T22:27:56Z |
indexdate | 2024-10-12T04:02:52Z |
institution | BVB |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034341368 |
oclc_num | 1392140667 |
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owner | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
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physical | 1 Online-Ressource (30 Seiten) |
psigel | ZDB-1-WBA |
publishDate | 2022 |
publishDateSearch | 2022 |
publishDateSort | 2022 |
publisher | The World Bank |
record_format | marc |
spellingShingle | Calice, Pietro An Exploration of Climate-Related Financial Risks for Credit Guarantee Schemes in Europe Adaptation To Climate Change Climate Change Climate Change Economics Climate Change Impacts Climate Change Policy and Regulation Credit Guarantee Energy Price Shock Environment Financial Stability Fossil Fuel Subsidies Fossil Fuel Transition Macroeconomics and Economic Growth Physical Risk Public Sector Development Transition Risk |
title | An Exploration of Climate-Related Financial Risks for Credit Guarantee Schemes in Europe |
title_auth | An Exploration of Climate-Related Financial Risks for Credit Guarantee Schemes in Europe |
title_exact_search | An Exploration of Climate-Related Financial Risks for Credit Guarantee Schemes in Europe |
title_exact_search_txtP | An Exploration of Climate-Related Financial Risks for Credit Guarantee Schemes in Europe |
title_full | An Exploration of Climate-Related Financial Risks for Credit Guarantee Schemes in Europe Pietro Calice |
title_fullStr | An Exploration of Climate-Related Financial Risks for Credit Guarantee Schemes in Europe Pietro Calice |
title_full_unstemmed | An Exploration of Climate-Related Financial Risks for Credit Guarantee Schemes in Europe Pietro Calice |
title_short | An Exploration of Climate-Related Financial Risks for Credit Guarantee Schemes in Europe |
title_sort | an exploration of climate related financial risks for credit guarantee schemes in europe |
topic | Adaptation To Climate Change Climate Change Climate Change Economics Climate Change Impacts Climate Change Policy and Regulation Credit Guarantee Energy Price Shock Environment Financial Stability Fossil Fuel Subsidies Fossil Fuel Transition Macroeconomics and Economic Growth Physical Risk Public Sector Development Transition Risk |
topic_facet | Adaptation To Climate Change Climate Change Climate Change Economics Climate Change Impacts Climate Change Policy and Regulation Credit Guarantee Energy Price Shock Environment Financial Stability Fossil Fuel Subsidies Fossil Fuel Transition Macroeconomics and Economic Growth Physical Risk Public Sector Development Transition Risk |
url | https://doi.org/10.1596/1813-9450-10232 |
work_keys_str_mv | AT calicepietro anexplorationofclimaterelatedfinancialrisksforcreditguaranteeschemesineurope AT reindershenkjan anexplorationofclimaterelatedfinancialrisksforcreditguaranteeschemesineurope |