Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/306801 
Year of Publication: 
2024
Series/Report no.: 
Texto para Discussão No. 3055
Publisher: 
Instituto de Pesquisa Econômica Aplicada (IPEA), Brasília
Abstract (Translated): 
Extreme climate events and factors related to the transition to a low-carbon economy can give rise to risk events capable of generating negative impacts on development financing by affecting the balance sheet of financial institutions and the stability of the financial system. The Bank for International Settlements (BIS) prepares international recommendations, and the Central Bank develops standards and metrics for financial regulation within the scope of the Brazilian economy, including regarding the exposure of financial institutions to risks arising from climate events. This new dimension of regulation, by determining a more formalized and sophisticated treatment of climate-related risks, constitutes a relevant factor in the strategy, business models of financial institutions, project risk classification, asset pricing and, consequently, it has repercussions on development financing conditions.
Subjects: 
government policy and regulation
financial markets and institutions
sustainable development
climate
environment and development
JEL: 
G28
N2
Q01
Q54
Q56
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.