Year: 2023
Type: article
Abstract: This paper analyzes the cross-border risks that could result from a decarbonization of the world economy. We develop a typology of cross-border risks and their respective channels. Our qualitative and quantitative scenario analysis suggests that the mid-transition – a period during which fossil-fuel and low-carbon energy systems co-exist and transform at a rapid pace – could have profound stability and resilience implications for global trade and the international financial system.
Source: IMF Working Paper
Authors: Etienne Espagne, William Oman, Jean-François Mercure, Romain Svartzman, Ulrich Volz, Hector Pollitt, Gregor Semieniuk, Emanuele Campiglio
Institutions: World Bank, German Institute of Development and Sustainability, University of Cambridge, University of Massachusetts Amherst, London School of Economics and Political Science, University of Bologna, International Monetary Fund, University of Exeter, SOAS University of London, University College London
Language: English
Subfield: Finance
Domain: Social Sciences
SDG: Climate action
Open Access status: diamond
OpenAlex ID: W4386601782