The Impact of the Carbon Footprint in European Loans of the Economic Activities
Elisa Di Febo,
Eliana Angelini
Abstract:The transition to a low-carbon economy has interested academics and policymakers recently. Our goal is to develop a preliminary analysis of the transition risk of the European financial system and individuate the importance of the environmental aspect in the loans received by statistical classification of economic activities in the European Union (NACE Sectors). The study defines two indicators that identify the transition risk the EU bears and the “carbon footprint of the loan” (CFL) that Europe presents thro… Show more
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