Two sides of the same coin: Green Taxonomy alignment versus transition risk in financial portfolios

Two sides of the same coin: Green Taxonomy alignment versus transition risk in financial portfolios

We develop the first top-down method to estimate the greenness of financial portfolios, in terms of alignment to the EU Taxonomy for sustainable activ…

Central Banks Tackling Climate and Energy Transition Risks

In the evolving landscape of global finance, central banks have increasingly turned their focus toward the multifaceted challenges posed by climate change. Beyond their traditional mandates of monetary stability and financial system oversight, these institutions are now grappling with the intricacies of climate risks—risks that arise not only from the physical impacts of a warming planet but also from the transitional upheavals as economies pivo…