Carbon risk and green finance

Second, by quantifying how much greenhouse gas companies emit into the atmosphere as a direct or indirect result of their operations, carbon footprint calculations can help identify carbon risks with particular companies, especially within supply chains. Third, brown taxonomies can help investors id...

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Bibliographic Details
Main Author: Ezroj, Aaron
Format: eBook
Language:English
Published: Abingdon, Oxon Routledge 2021
Series:Banking, money and international finance
Subjects:
Online Access:
Collection: O'Reilly - Collection details see MPG.ReNa
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245 0 0 |a Carbon risk and green finance  |c Aaron Ezroj 
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300 |a xvi, 122 pages  |b illustrations, maps 
505 0 |a Includes bibliographical references and index 
505 0 |a 6.1.5 Comparing tools -- 6.2 Physical risks -- 6.2.1 Generating ratings -- 6.2.2 Applying ratings -- 6.3 Comparing risks -- 7 Stress testing -- 7.1 Weather-related catastrophes -- 7.2 Metrics -- 7.2.1 Overview -- 7.2.2 Bank of England -- 7.2.3 Chinese efforts -- 7.2.4 California Climate Assessment -- 7.2.5 Emerging efforts -- 8 A comprehensive strategy requires analytical tools -- Appendix A -- Glossary of terms -- Appendix B -- Timeline -- Index 
505 0 |a Cover -- Half Title -- Series -- Title -- Copyright -- Dedication -- Contents -- List of figures -- List of tables -- Preface -- Acknowledgments -- 1 Climate change becomes a financial concern -- 2 Reporting frameworks -- 2.1 Development -- 2.2 Harmonization with Task Force on Climate-related Financial Disclosures recommendations -- 2.2.1 CDP climate change questionnaire -- 2.2.2 Global Reporting Initiative Sustainability Reporting Standards -- 2.2.3 Climate Disclosure Standards Board framework using Sustainability Accounting Standards Board standards -- 2.2.4 French Energy Transition Law -- 2.2.5 National Association of Insurance Commissioners Climate Risk Disclosure Survey -- 2.2.6 Comparing reporting frameworks -- 2.3 Emerging efforts -- 2.3.1 United States Securities and Exchange Commission requirements -- 2.3.2 Additional European disclosure requirements -- 2.3.3 Chinese disclosure requirements -- 3 Carbon footprint calculations -- 3.1 Quantifying emissions -- 3.1.1 Emissions scopes -- 3.1.2 Global warming potential -- 3.2 Aggregating emissions -- 3.3 Evaluating investments -- 4 Brown taxonomies -- 4.1 Carbon bubble hypothesis -- 4.2 Classifications -- 4.2.1 California pension funds -- 4.2.2 Climate Risk Carbon Initiative -- 4.2.3 Global Coal Exit List -- 4.2.4 Additional taxonomies -- 4.2.5 Comparing classifications -- 5 Green taxonomies -- 5.1 Chinese efforts -- 5.1.1 Guidance on Green Loans -- 5.1.2 Green Bond Endorsed Project Catalogue -- 5.2 Nonprofit efforts -- 5.2.1 Green Bond Principles -- 5.2.2 Climate Bonds Initiative -- 5.3 European Union efforts -- 5.3.1 European Union taxonomy -- 5.3.2 European Union Green Bond Standard -- 5.4 Comparing green classifications -- 5.5 Emerging efforts -- 6 Scenario analysis -- 6.1 Transition risks -- 6.1.1 Energy transition -- 6.1.2 Warming potential -- 6.1.3 Carbon price -- 6.1.4 Capex 
653 |a Carbon offsetting / fast 
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653 |a Carbon dioxide mitigation / Economic aspects 
653 |a Compensation des émissions de carbone 
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653 |a BUSINESS & ECONOMICS / Development / Sustainable Development / bisacsh 
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520 |a Second, by quantifying how much greenhouse gas companies emit into the atmosphere as a direct or indirect result of their operations, carbon footprint calculations can help identify carbon risks with particular companies, especially within supply chains. Third, brown taxonomies can help investors identify current carbon risks by classifying fossil fuel assets in a systematic manner. Fourth, green taxonomies can help investors identify current green finance opportunities by classifying sustainable activities in a systematic manner. Fifth, scenario analysis for assets can help investors identify future carbon risks and green finance opportunities. Finally, stress testing for liabilities can help insurers and banks address future carbon risks and better inform policymakers. Scholars, policymakers, and business professionals will find this book informative.  
520 |a They will gain a comprehensive understanding of the analytical tools supporting efforts to address carbon risks and identify green finance opportunities. This will hopefully make these individuals more successful in their personal endeavors to build a more sustainable and resilient economy for future generations"-- 
520 |a "As the world plans for economic recovery following the global COVID-19 pandemic, major economies are looking to comprehensive strategies for addressing carbon risks and identifying green finance opportunities. Since Bank of England Governor Mark Carney and Michael Bloomberg began tackling climate change as financial concern, the international financial community has been developing sophisticated analytical tools that will enable the success of comprehensive efforts to address carbon risk and identify green finance opportunities. This timely publication offers a cutting-edge analysis of the financial aspects of climate change. It discusses the most important analytical tools, their origin, how they work, where they can go, and how they fit into a larger strategy. First, reporting frameworks can allow companies to see how well they are addressing carbon risks, in particular with respect to the recommendations of the Task Force on Climate-related Financial Disclosures.