Fat Tails, Tipping Points and Asymmetric Time Horizons: Dealing With Systemic Climate-Related Uncertainty in the Prudential Regime

Ford, Greg; Kedward, Katie; Krebel, Lukasz; Ryan-Collins, Josh; Vaccaro, James M.; Lerven, Frank van

doi:10.2139/ssrn.4245871

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2023

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“…Environmental tipping points thus represent a risk of permanent damage rather than a temporary downturn (Vaccaro 2022). In this context, the decision process that is clear and involves implementing policies that prevent climate shocks from happening is probably the most prudent policy to adopt (Ford et al 2022) and where much of the focus should apply. The evolution of climate risks is largely determined by the extent and the shape that the transition will take.…”

Section: Risk Categoriesmentioning

confidence: 99%

Greening the Financial System: Climate Financial Risks and How ADB Can Help

Carrasco,

Lee

2023

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This report outlines the opportunities for ADB and other multilateral development banks to help make financial markets in Asia and the Pacific more resilient to climate risk and support the transition to a low carbon economy. Explaining how ADB can play a catalytic role in greening the financial system, the report sets out policy options, assesses the bank’s strategic operational priorities, and considers implementation challenges. Analyzing ways ADB can scale up green financing and help financial authorities in developing member countries manage climate risk, it shows how early policy decisions can reduce the impact on regional economic growth.

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Section: Risk Categoriesmentioning

confidence: 99%