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240607 ||| eng |
| 020 |
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|a 9798400258220
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| 100 |
1 |
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|a Gardes-Landolfini, Charlotte
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| 245 |
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0 |
|a Energy Transition and Geoeconomic Fragmentation
|b Implications for Climate Scenario Design
|c Charlotte Gardes-Landolfini, Pierpaolo Grippa, William Oman, Sha Yu
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2023
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| 300 |
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|a 44 pages
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| 653 |
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|a Environmental Conservation and Protection
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| 653 |
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|a Economics
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| 653 |
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|a Energy
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| 653 |
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|a Environmental Economics
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| 653 |
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|a Financial crises
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| 653 |
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|a Financial Forecasting and Simulation
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| 653 |
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|a Natural resources
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| 653 |
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|a Climate
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| 653 |
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|a Globalization: Finance
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| 653 |
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|a Climate change
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| 653 |
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|a Environmental management
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| 653 |
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|a Environmental Economics: Government Policy
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| 653 |
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|a Economics of specific sectors
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| 653 |
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|a Informal Economy
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a Energy: General
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| 653 |
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|a Currency crises
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| 653 |
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|a Global Warming
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| 653 |
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|a Capital and Ownership Structure
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| 653 |
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|a Goodwill
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| 653 |
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|a Environment and Growth
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
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| 653 |
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|a Financial Risk and Risk Management
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| 653 |
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|a Financing Policy
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| 653 |
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|a Energy: Government Policy
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| 653 |
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|a Environmental policy
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| 653 |
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|a Climatic changes
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Environmental Policy
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| 653 |
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|a Environmental policy & protocols
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| 653 |
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|a International Finance Forecasting and Simulation
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| 653 |
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|a Natural Disasters and Their Management
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| 653 |
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|a Renewable Resources and Conservation: Demand and Supply
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| 653 |
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|a Environment
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| 653 |
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|a Value of Firms
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| 653 |
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|a Economics: General
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| 653 |
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|a Natural Resources
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| 653 |
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|a Informal sector
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| 653 |
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|a Alternative Energy Sources
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| 653 |
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|a Hydrocarbon Resources
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| 653 |
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|a Economic sectors
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| 653 |
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|a Nonrenewable Resources and Conservation: General
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| 653 |
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|a International Policy Coordination and Transmission
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| 653 |
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|a Renewable energy sources
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| 653 |
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|a Prices
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| 653 |
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|a Underground Econom
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| 700 |
1 |
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|a Grippa, Pierpaolo
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| 700 |
1 |
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|a Oman, William
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| 700 |
1 |
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|a Yu, Sha
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a Staff Climate Notes
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| 028 |
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|a 10.5089/9798400258220.066
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/066/2023/003/066.2023.issue-003-en.xml?cid=541097-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a The transition to a low-carbon economy, which is needed to mitigate climate change and meet the Paris Agreement temperature goals, has been affected by the supply chain and energy supply disruptions that originated during the COVID-19 pandemic, the Russian invasion of Ukraine, and the subsequent energy crisis and exacerbation of geopolitical tensions. These developments, and the broader context of the ongoing “polycrisis,” can affect future decarbonization scenarios. This reflects three main factors: (1) pullbacks in climate mitigation policies and increased carbon lock-in in fossil fuel infrastructure and policymaking; (2) the decreasing likelihood of continuous cost reduction in renewable energy technologies; and (3) the likely intensification of macroeconomic shocks amid increasing geoeconomic fragmentation, and the associated policy responses. In this context, the note assesses the implications of the polycrisis for hypothetical scenarios used to assess climate-related financial risks. Following an analysis of the channels through which these effects are likely to materialize over short- and long-term horizons and some policy implications, the note proposes potential adjustments to the design of the climate scenarios used by financial institutions, central banks, and financial sector supervisors and regulators within their risk management frameworks
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