Zusammenfassung
Spätestens seit Mark Carney, der damalige Governor der Bank of England, in einem Interview mit der Financial Times im Dezember 2018 die Einführung von Stresstests für Carbon Risiken ankündigte, ist die Bedeutung dieser Risiken für das Risikomanagement von Bankportfolios und darüber hinaus für die Stabilität des Finanzsystems in den Blickpunkt von Akademikern, Regulatoren und Finanzmarktteilnehmern gekommen. Finanzinstitute und Regulatoren entwickeln interne und regulatorische Klimastresstests, mit denen Risiken identifiziert und quantifiziert werden sollen, die im Rahmen des fortschreitenden Klimawandels auftreten. In einer Studie des Basel Committee on Banking Supervision, 2020, geben 24 von 27 befragten Instituten an, dass sie Klimarisiken unter Verwendung von qualitativen und quantitativen Methoden (Szenarioanalyse, Stresstest) durchführen. Dabei spielen nicht nur physikalische Risiken (infolge extremer Wetterereignisse), sondern zunehmend auch transitorische Risiken der ökonomischen Anpassung im Hinblick auf eine klimafreundlichere Ökonomie eine wichtige Rolle.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Similar content being viewed by others
Literatur
ALLEN, THOMAS/DEES, STÉPHANE/BOISSINOT, JEAN/CAICEDO GRACIANO, CARLOS MATEO/CHOUARD, VALÉRIE/CLERC, LAURENT/DE GAYE, ANNABELLE/DEVULDER, ANTOINE/DIOT, SÉBASTIEN/LISACK, NOÉMIE/PEGORARO, FULVIO/RABATÉ, MARIE/SVARTZMAN, ROMAIN/VERNET, LUCAS (2020): Climate-Related Scenarios for Financial Stability Assessment: an Application to France. Banque de France Working Paper Nr. 774.
BAJIC, ANDREJ/HELLMICH, MARTIN/KIESEL, RUEDIGER (2021): Handle with Care: Challenges and Opportunities of using Company-Level Emissions Data for Assessing Financial Risks from Climate Change. URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3789928.
BANK OF ENGLAND (2019): The 2021 biennial exploratory scenario on the financial risks from climate change. URL: https://www.bankofengland.co.uk/-/media/boe/files/paper/2019/the-2021-biennial-exploratory-scenario-on-the-financial-risks-from-climate-change.pdf?la=en&hash=73D06B913C73472D0DF21F18DB71C2F454148C80.
BASEL COMMITTEE ON BANKING SUPERVISION (2020): Climate-related Financial Risks: A Survey on Current Initiatives. URL: https://www.bis.org/bcbs/publ/d502.pdf.
BINHAM, CAROLINE/CROW, DAVID (2018): Carney plans to test UK banks’ resilience to climate. In: Financial Times, 17.12.2018.
BRAINARD, LAEL (2019): Why Climate Change Matters for Monetary Policy and Financial Stability – Speech. In: The Economics of Climate Change. URL: https://www.federalreserve.gov/newsevents/speech/files/brainard20191108a.pdf.
EUROPÄISCHE KOMMISSION (O. J.): Klimaschutz: Strategien und Ziele. URL: https://ec.europa.eu/clima/policies/strategies_de.
FINANZEN.NET (2020): CO2 EUROPEAN EMISSION ALLOWANCES CHART IN EURO - 3 JAHRE. URL: https://www.finanzen.net/rohstoffe/co2-emissionsrechte.
INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE (2018): Global Warming of 1.5°C. URL: https://www.ipcc.ch/sr15/.
INTERNATIONAL INSTITUTE FOR APPLIED SYSTEMS ANALYSIS: https://iiasa.ac.at/web/home/research/researchPrograms/Energy/IPCC_AR5_Database.html.
KEYNES, JOHN M. (1937): The general theory of employment. In: Quarterly Journal of Economics, 51(2): 209-223.
MAUDERER, SABINE (2020): Central Banks have a part to play in the fight against climate change. In: Financial Times, 27.02.2020.
MCGLADE, CHRISTOPHE/ELKINS, PAUL (2015): The geographical distribution of fossil fuels unused when limiting global warming to 2 °C. In: Nature, 517, 187-190.
NATIONAL AERONAUTICS AND SPACE ADMINSTRATION (2019): GISS Surface Temperature Analysis (GISTEMP), version 4. NASA Goddard Institute for Space Studies. URL: https:// data.giss.nasa.gov/gistemp/maps/.
NATIONAL INSTITUTE OF ECONOMIC AND SOCIAL RESEARCH: National Institute Global Econometric Model. URL: https://nimodel.niesr.ac.uk/.
NETWORK FOR GREENING THE FINANCIAL SYSTEM (2019): A call for action – Climate change as a source of financial risk. URL: https://www.ngfs.net/sites/default/files/medias/documents/ngfs_first_comprehensive_report_-_17042019_0.pdf.
NETWORK FOR GREENING THE FINANCIAL SYSTEM (2020): NGFS Climate Scenarios for central banks and supervisors. URL: https://www.ngfs.net/sites/default/files/medias/documents/820184_ngfs_scenarios_final_version_v6.pdf.
POTSDAM INSTITUTE FOR CLIMATE IMPACT RESEARCH (2017): Spatially-explicit Gross Cell Product (GCP) time series: past observations (1850-2000) harmonized with future projections according to the Shared Socioeconomic Pathways (2010-2100). URL: https://dataservices.gfz-potsdam.de/pik/showshort.php?id=escidoc:2740907.
TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES (2017): Recommendation of the Task on Climate-related Financial Disclosures, Final Report 2017. URL: https://assets.bbhub.io/company/sites/60/2020/10/FINAL-2017-TCFD-Report-11052018.pdf.
UNITED IN SCIENCE (2019): High-level synthesis report of latest climate science information convened by the Science Advisory Group of the UN Climate Action Summit 2019. URL: https://wedocs.unep.org/bitstream/handle/20.500.11822/30023/climsci.pdf.
VERMEULEN, ROBERT/SCHETS, EDO/LOHUIS, MELANIE/KÖLBL, BARBARA/JANSEN, DAVIDJAN/HEERINGA, WILLEM (2019): The Heat is on: A framework measuring financial stress under disruptive energy transition scenarios, De Nederlandsche Bank Working Paper, No. 625.
WEITZMAN, MARTIN L. (2011): Fat-tailed Uncertainty in the Economics of Climate Change. In: Review of Environmental Economics and Policy, 5(2): 275-292.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2022 Der/die Autor(en), exklusiv lizenziert durch Springer Fachmedien Wiesbaden GmbH, ein Teil von Springer Nature
About this chapter
Cite this chapter
Hellmich, M., Kiesel, R., Siddiqui, S. (2022). Stresstests und Carbon Risiken. In: Lister, M., Rolfes, B., Wessling, H. (eds) Neue Geschäftsmodelle für Finanzinstitute - Datenanalyse, Digitale Technologien und Wertewandel als Impulsgeber. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-35899-0_1
Download citation
DOI: https://doi.org/10.1007/978-3-658-35899-0_1
Published:
Publisher Name: Springer Gabler, Wiesbaden
Print ISBN: 978-3-658-35898-3
Online ISBN: 978-3-658-35899-0
eBook Packages: Business and Economics (German Language)