This paper investigates the climate impact of central bank refinancing operations, with a focus on the European Central Bank’s Targeted Longer-Term Refinancing Operations (TLTRO) III programme.
Purposeful scenario analysis: A framework to guide central banks and financial supervisors in the selection and design of climate scenarios
This policy insight presents an initial conceptual framework on the application of climate scenario analysis and associated design requirements, focusing on the need for a clear purpose.
In this paper the authors use Credit Default Swap (CDS) spreads to construct a forward-looking, market-implied carbon risk factor and study how, where and when carbon risk affects firms’ creditworthiness by examining whether firms’ exposure to carbon risk is reflected in the market prices of their CDS contracts.
Response to the call for evidence made as part of the Independent Review of Net Zero commissioned by the UK’s Secretary of State for Business, Energy and Industrial Strategy.
Knowledge exchange initiatives between different projects can enhance engagement in ecological restoration and rehabilitation initiatives, according to research in South Africa by the ESRC Centre for Climate Change Economics and Policy (CCCEP), the ESRC Impact Acceleration Account (IAA) project awarded to the University of Leeds, and the Leeds Social Sciences Institute, as published in a […]
This policy brief reviews the attention given to a crucial aspect of climate change action – the just transition – at the COP26 climate summit and the priorities that lie ahead for 2022.
Counting carbon or counting coal? Anchoring climate governance in fossil fuel-based accountability frameworks
This analysis explores schemes for the monitoring, reporting and verification of fossil fuels, and points to a hybrid fossil fuel-based accountability framework that accounts for infrastructure and production volumes. Such transparency would provide opportunities for democratic oversight of climate governance efforts and channels to hold states accountable for their climate performance.
Launch of From the Grand to the Granular: Translating Just Transition Ambitions into Investor Action
This event features a presentation of the ‘From the Grand to the Granular’ report findings – followed by a panel discussion on just transition investor action and questions from the audience.
This report sets out a framework of just transition expectations that investors can use in conducting due diligence and assessments of companies, engaging with portfolio holdings and allocating capital. The framework is based on international standards and emerging practice and is applied to five companies in the European electric utilities sector.
Investors should expect businesses to create ‘just transition’ strategies for their action on climate change
LONDON Investors need to lay out their expectations for how businesses should achieve a just transition to a net-zero and…