{"title":"金融业气候压力测试","authors":"Olaf Weber","doi":"10.1016/j.cosust.2023.101401","DOIUrl":null,"url":null,"abstract":"<div><p>Climate-related risks for the financial sector have been discussed since the then-Governor of the Bank of England mentioned these risks as the tragedy of the horizon. Shortly after, research about stress-testing the impact of climate change on the financial sector was published. They use various methods that address the climate-related Value-at Risk and other financial risks. We conducted a systematic literature analysis in Scopus and analyzed the data using VOSViewer. In addition, we analyzed the most cited papers in detail. Our analyses found that stress testing, as a sustainable finance risk management tool to address financial stability, connects climate change with financial risks. Different stress-testing approaches found significant climate-related financial impacts on equity and loan portfolios. We conclude that research is needed to guarantee reliable, valid, and standardized climate-related stress testing.</p></div>","PeriodicalId":294,"journal":{"name":"Current Opinion in Environmental Sustainability","volume":"66 ","pages":"Article 101401"},"PeriodicalIF":6.6000,"publicationDate":"2023-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1877343523001483/pdfft?md5=3d681adc64a8a8ac04ccda878e227dc1&pid=1-s2.0-S1877343523001483-main.pdf","citationCount":"0","resultStr":"{\"title\":\"Climate stress testing in the financial industry\",\"authors\":\"Olaf Weber\",\"doi\":\"10.1016/j.cosust.2023.101401\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>Climate-related risks for the financial sector have been discussed since the then-Governor of the Bank of England mentioned these risks as the tragedy of the horizon. Shortly after, research about stress-testing the impact of climate change on the financial sector was published. They use various methods that address the climate-related Value-at Risk and other financial risks. We conducted a systematic literature analysis in Scopus and analyzed the data using VOSViewer. In addition, we analyzed the most cited papers in detail. Our analyses found that stress testing, as a sustainable finance risk management tool to address financial stability, connects climate change with financial risks. Different stress-testing approaches found significant climate-related financial impacts on equity and loan portfolios. We conclude that research is needed to guarantee reliable, valid, and standardized climate-related stress testing.</p></div>\",\"PeriodicalId\":294,\"journal\":{\"name\":\"Current Opinion in Environmental Sustainability\",\"volume\":\"66 \",\"pages\":\"Article 101401\"},\"PeriodicalIF\":6.6000,\"publicationDate\":\"2023-12-29\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://www.sciencedirect.com/science/article/pii/S1877343523001483/pdfft?md5=3d681adc64a8a8ac04ccda878e227dc1&pid=1-s2.0-S1877343523001483-main.pdf\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Current Opinion in Environmental Sustainability\",\"FirstCategoryId\":\"93\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1877343523001483\",\"RegionNum\":2,\"RegionCategory\":\"环境科学与生态学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"ENVIRONMENTAL SCIENCES\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Current Opinion in Environmental Sustainability","FirstCategoryId":"93","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1877343523001483","RegionNum":2,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ENVIRONMENTAL SCIENCES","Score":null,"Total":0}
Climate-related risks for the financial sector have been discussed since the then-Governor of the Bank of England mentioned these risks as the tragedy of the horizon. Shortly after, research about stress-testing the impact of climate change on the financial sector was published. They use various methods that address the climate-related Value-at Risk and other financial risks. We conducted a systematic literature analysis in Scopus and analyzed the data using VOSViewer. In addition, we analyzed the most cited papers in detail. Our analyses found that stress testing, as a sustainable finance risk management tool to address financial stability, connects climate change with financial risks. Different stress-testing approaches found significant climate-related financial impacts on equity and loan portfolios. We conclude that research is needed to guarantee reliable, valid, and standardized climate-related stress testing.
期刊介绍：
"Current Opinion in Environmental Sustainability (COSUST)" is a distinguished journal within Elsevier's esteemed scientific publishing portfolio, known for its dedication to high-quality, reproducible research. Launched in 2010, COSUST is a part of the Current Opinion and Research (CO+RE) suite, which is recognized for its editorial excellence and global impact. The journal specializes in peer-reviewed, concise, and timely short reviews that provide a synthesis of recent literature, emerging topics, innovations, and perspectives in the field of environmental sustainability.
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