Climate-related financial risk assessment on energy infrastructure investments
Author
Abstract
Suggested Citation
DOI: 10.1016/j.rser.2022.112689
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Joshua Graff Zivin & Matthew Neidell, 2014.
"Temperature and the Allocation of Time: Implications for Climate Change,"
Journal of Labor Economics, University of Chicago Press, vol. 32(1), pages 1-26.
- Joshua Graff Zivin & Matthew J. Neidell, 2010. "Temperature and the Allocation of Time: Implications for Climate Change," NBER Working Papers 15717, National Bureau of Economic Research, Inc.
- Yescombe, E. R., 2013. "Principles of Project Finance," Elsevier Monographs, Elsevier, edition 2, number 9780123910585.
- Donadelli, M. & Jüppner, M. & Riedel, M. & Schlag, C., 2017.
"Temperature shocks and welfare costs,"
Journal of Economic Dynamics and Control, Elsevier, vol. 82(C), pages 331-355.
- Donadelli, Michael & Jüppner, Marcus & Riedel, Max & Schlag, Christian, 2017. "Temperature shocks and welfare costs," SAFE Working Paper Series 177, Leibniz Institute for Financial Research SAFE.
- Maximilian Auffhammer & Anin Aroonruengsawat, 2011. "Simulating the impacts of climate change, prices and population on California’s residential electricity consumption," Climatic Change, Springer, vol. 109(1), pages 191-210, December.
- George Economides & Anastasios Xepapadeas, 2018.
"Monetary policy under climate change,"
Working Papers
247, Bank of Greece.
- George Economides & Anastasios Xepapadeas, 2018. "Monetary Policy under Climate Change," CESifo Working Paper Series 7021, CESifo.
- Marie Connolly, 2008. "Here Comes the Rain Again: Weather and the Intertemporal Substitution of Leisure," Journal of Labor Economics, University of Chicago Press, vol. 26(1), pages 73-100.
- In, Soh Young & Weyant, John P. & Manav, Berk, 2022. "Pricing climate-related risks of energy investments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 154(C).
- Cahen-Fourot, Louison & Campiglio, Emanuele & Godin, Antoine & Kemp-Benedict, Eric & Trsek, Stefan, 2021.
"Capital stranding cascades: The impact of decarbonisation on productive asset utilisation,"
Energy Economics, Elsevier, vol. 103(C).
- Cahen-Fourot, Louison & Campiglio, Emanuele & Dawkins, Elena & Godin, Antoine & Kemp-Benedict, Eric, 2019. "Capital stranding cascades: The impact of decarbonisation on productive asset utilisation," Ecological Economic Papers 18, WU Vienna University of Economics and Business.
- Antoine GODIN & Louison CAHEN-FOUROT & Emanuele CAMPIGLIO & Eric KEMP-BENEDICT & Stefan TRSEK, 2021. "Capital stranding cascades: The impact of decarbonisation on productive asset utilisation," Working Paper 4094e3ee-0cf8-4a0e-861f-a, Agence française de développement.
- Cahen-Fourot, Louison & Campiglio, Emanuele & Godin, Antoine & Kemp-Benedict, Eric & Trsek, Stefan, 2021. "Capital stranding cascades: The impact of decarbonisation on productive asset utilisation," Ecological Economic Papers 37, WU Vienna University of Economics and Business.
- Stefano Battiston & Antoine Mandel & Irene Monasterolo & Franziska Schütze & Gabriele Visentin, 2017.
"A climate stress-test of the financial system,"
Nature Climate Change, Nature, vol. 7(4), pages 283-288, April.
- Stefano Battiston & Antoine Mandel & Irene Monasterolo & Franziska Schütze & Gabriele Visentin, 2017. "A climate stress-test of the financial system," Post-Print halshs-01905999, HAL.
- Stefano Battiston & Antoine Mandel & Irene Monasterolo & Franziska Schütze & Gabriele Visentin, 2017. "A climate stress-test of the financial system," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01905999, HAL.
- Stefano Battiston & Antoine Mandel & Irene Monasterolo & Franziska Schütze & Gabriele Visentin, 2017. "A climate stress-test of the financial system," PSE-Ecole d'économie de Paris (Postprint) halshs-01905999, HAL.
- Melissa Dell & Benjamin F. Jones & Benjamin A. Olken, 2014.
"What Do We Learn from the Weather? The New Climate-Economy Literature,"
Journal of Economic Literature, American Economic Association, vol. 52(3), pages 740-798, September.
- Melissa Dell & Benjamin F. Jones & Benjamin A. Olken, 2013. "What Do We Learn from the Weather? The New Climate-Economy Literature," NBER Working Papers 19578, National Bureau of Economic Research, Inc.
- Muehleisen, Wolfgang & Eder, Gabriele C. & Voronko, Yuliya & Spielberger, Markus & Sonnleitner, Horst & Knoebl, Karl & Ebner, Rita & Ujvari, Gusztav & Hirschl, Christina, 2018. "Outdoor detection and visualization of hailstorm damages of photovoltaic plants," Renewable Energy, Elsevier, vol. 118(C), pages 138-145.
- Bhattacharya, J. & DeLeire, T. & Haider, S. & Currie, J., 2003.
"Heat or Eat? Cold-Weather Shocks and Nutrition in Poor American Families,"
American Journal of Public Health, American Public Health Association, vol. 93(7), pages 1149-1154.
- Jayanta Bhattacharya & Thomas DeLeire & Steven Haider & Janet Currie, 2002. "Heat or Eat? Cold Weather Shocks and Nutrition in Poor American Families," NBER Working Papers 9004, National Bureau of Economic Research, Inc.
- William D. Nordhaus, 1992. "The 'DICE' Model: Background and Structure of a Dynamic Integrated Climate-Economy Model of the Economics of Global Warming," Cowles Foundation Discussion Papers 1009, Cowles Foundation for Research in Economics, Yale University.
- J.-F. Mercure & H. Pollitt & J. E. Viñuales & N. R. Edwards & P. B. Holden & U. Chewpreecha & P. Salas & I. Sognnaes & A. Lam & F. Knobloch, 2018. "Macroeconomic impact of stranded fossil fuel assets," Nature Climate Change, Nature, vol. 8(7), pages 588-593, July.
- John Weyant, 2017. "Some Contributions of Integrated Assessment Models of Global Climate Change," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 11(1), pages 115-137.
- Irene Monasterolo & Stefano Battiston & Anthony C. Janetos & Zoey Zheng, 2017. "Vulnerable yet relevant: the two dimensions of climate-related financial disclosure," Climatic Change, Springer, vol. 145(3), pages 495-507, December.
- Pfeiffer, Alexander & Hepburn, Cameron & Vogt-Schilb, Adrien & Caldecott, Ben, 2018. "Committed Emissions from Existing and Planned Power Plants and Asset Stranding Required to Meet the Paris Agreement," IDB Publications (Working Papers) 8886, Inter-American Development Bank.
- Olivier Deschênes & Michael Greenstone, 2011.
"Climate Change, Mortality, and Adaptation: Evidence from Annual Fluctuations in Weather in the US,"
American Economic Journal: Applied Economics, American Economic Association, vol. 3(4), pages 152-185, October.
- Olivier Deschênes & Michael Greenstone, 2007. "Climate Change, Mortality, and Adaptation: Evidence from Annual Fluctuations in Weather in the US," Working Papers 0707, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- Olivier Deschênes & Michael Greenstone, 2007. "Climate Change, Mortality, and Adaptation: Evidence from Annual Fluctuations in Weather in the US," NBER Working Papers 13178, National Bureau of Economic Research, Inc.
- Greg Kaplan & Giovanni L. Violante, 2018.
"Microeconomic Heterogeneity and Macroeconomic Shocks,"
Journal of Economic Perspectives, American Economic Association, vol. 32(3), pages 167-194, Summer.
- Greg Kaplan & Giovanni L. Violante, 2018. "Microeconomic Heterogeneity and Macroeconomic Shocks," NBER Working Papers 24734, National Bureau of Economic Research, Inc.
- Christophe McGlade & Paul Ekins, 2015. "The geographical distribution of fossil fuels unused when limiting global warming to 2 °C," Nature, Nature, vol. 517(7533), pages 187-190, January.
- Ciccarelli, Matteo & Marotta, Fulvia, 2021. "Demand or supply? An empirical exploration of the effects of climate change on the macroeconomy," Working Paper Series 2608, European Central Bank.
- Pless, Jacquelyn & Arent, Douglas J. & Logan, Jeffrey & Cochran, Jaquelin & Zinaman, Owen, 2016. "Quantifying the value of investing in distributed natural gas and renewable electricity systems as complements: Applications of discounted cash flow and real options analysis with stochastic inputs," Energy Policy, Elsevier, vol. 97(C), pages 378-390.
- Steffen, Bjarne, 2018. "The importance of project finance for renewable energy projects," Energy Economics, Elsevier, vol. 69(C), pages 280-294.
- Niu, Tong & Yao, Xilong & Shao, Shuai & Li, Ding & Wang, Wenxi, 2018. "Environmental tax shocks and carbon emissions: An estimated DSGE model," Structural Change and Economic Dynamics, Elsevier, vol. 47(C), pages 9-17.
- Henley, Andrew & Peirson, John, 1997. "Non-linearities in Electricity Demand and Temperature: Parametric versus Non-parametric Methods," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 59(1), pages 149-162, February.
- Richard A. Brealey & Ian A. Cooper & Michel A. Habib, 1996. "Using Project Finance To Fund Infrastructure Investments," Journal of Applied Corporate Finance, Morgan Stanley, vol. 9(3), pages 25-39, September.
- Gunnar Eskeland & Torben Mideksa, 2010. "Electricity demand in a changing climate," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 15(8), pages 877-897, December.
- Stephen Comello & Stefan Reichelstein, 2019. "The emergence of cost effective battery storage," Nature Communications, Nature, vol. 10(1), pages 1-9, December.
- Matthew D. Bartos & Mikhail V. Chester, 2015. "Impacts of climate change on electric power supply in the Western United States," Nature Climate Change, Nature, vol. 5(8), pages 748-752, August.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ibrahim, Nur Atirah & Wan Alwi, Sharifah Rafidah & Abd Manan, Zainuddin & Mustaffa, Azizul Azri & Kidam, Kamarizan, 2024. "Climate change impact on solar system in Malaysia: Techno-economic analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 189(PA).
- Schischke, A. & Papenfuß, P. & Brem, M. & Kurz, P. & Rathgeber, A.W., 2023. "Sustainable energy transition and its demand for scarce resources: Insights into the German Energiewende through a new risk assessment framework," Renewable and Sustainable Energy Reviews, Elsevier, vol. 176(C).
- Wen, Jun & Zhang, Sen & Chang, Chun-Ping & Anugrah, Donni Fajar & Affandi, Yoga, 2023. "Does climate vulnerability promote green investment under energy supply restriction?," Energy Economics, Elsevier, vol. 124(C).
- Ren, Xiaohang & Xiao, Ya & Xiao, Shitong & Jin, Yi & Taghizadeh-Hesary, Farhad, 2024. "The effect of climate vulnerability on global carbon emissions: Evidence from a spatial convergence perspective," Resources Policy, Elsevier, vol. 90(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Lamperti, Francesco & Bosetti, Valentina & Roventini, Andrea & Tavoni, Massimo & Treibich, Tania, 2021.
"Three green financial policies to address climate risks,"
Journal of Financial Stability, Elsevier, vol. 54(C).
- Francesco Lamperti & Valentina Bosetti & Andrea Roventini & Massimo Tavoni & Tania Treibich, 2021. "Three green financial policies to address climate risks," LEM Papers Series 2021/05, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Francesco Lamperti & Valentina Bosetti & Andrea Roventini & Massimo Tavoni & Tania Treibich, 2021. "Three green financial policies to address climate risks," Post-Print hal-04103920, HAL.
- Francesco Lamperti & Valentina Bosetti & Andrea Roventini & Massimo Tavoni & Tania Treibich, 2021. "Three green financial policies to address climate risks," SciencePo Working papers Main hal-04103920, HAL.
- Melissa Dell & Benjamin F. Jones & Benjamin A. Olken, 2014.
"What Do We Learn from the Weather? The New Climate-Economy Literature,"
Journal of Economic Literature, American Economic Association, vol. 52(3), pages 740-798, September.
- Melissa Dell & Benjamin F. Jones & Benjamin A. Olken, 2013. "What Do We Learn from the Weather? The New Climate-Economy Literature," NBER Working Papers 19578, National Bureau of Economic Research, Inc.
- In, Soh Young & Weyant, John P. & Manav, Berk, 2022. "Pricing climate-related risks of energy investments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 154(C).
- Gregor Semieniuk & Emanuele Campiglio & Jean‐Francois Mercure & Ulrich Volz & Neil R. Edwards, 2021.
"Low‐carbon transition risks for finance,"
Wiley Interdisciplinary Reviews: Climate Change, John Wiley & Sons, vol. 12(1), January.
- Gregor Semieniuk & Emanuele Campiglio & Jean-Francois Mercure & Ulrich Volz & Neil R. Edwards, 2020. "Low-carbon transition risks for finance," Working Papers 233, Department of Economics, SOAS University of London, UK.
- Sam Cosaert & Adrián Nieto & Konstantinos Tatsiramos, 2023.
"Temperature and Joint Time Use,"
CESifo Working Paper Series
10464, CESifo.
- Cosaert, Sam & Nieto, Adrián & Tatsiramos, Konstantinos, 2023. "Temperature and Joint Time Use," IZA Discussion Papers 16175, Institute of Labor Economics (IZA).
- Ciccarelli, Matteo & Marotta, Fulvia, 2024. "Demand or Supply? An empirical exploration of the effects of climate change on the macroeconomy," Energy Economics, Elsevier, vol. 129(C).
- Louis Daumas, 2021. "Should we fear transition risks - A review of the applied literature," Working Papers 2021.05, FAERE - French Association of Environmental and Resource Economists.
- Joshua Graff Zivin & Solomon M. Hsiang & Matthew Neidell, 2018.
"Temperature and Human Capital in the Short and Long Run,"
Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 5(1), pages 77-105.
- Joshua S. Graff Zivin & Solomon M. Hsiang & Matthew J. Neidell, 2015. "Temperature and Human Capital in the Short- and Long-Run," NBER Working Papers 21157, National Bureau of Economic Research, Inc.
- François Cohen & Matthieu Glachant & Magnus Söderberg, 2017.
"The cost of adapting to climate change: evidence from the US residential sector,"
Working Papers
hal-01695171, HAL.
- François Cohen & Matthieu Glachant & Magnus Söderberg, 2017. "The cost of adapting to climate change: evidence from the US residential sector," GRI Working Papers 263, Grantham Research Institute on Climate Change and the Environment.
- Cahen-Fourot, Louison & Campiglio, Emanuele & Godin, Antoine & Kemp-Benedict, Eric & Trsek, Stefan, 2021.
"Capital stranding cascades: The impact of decarbonisation on productive asset utilisation,"
Energy Economics, Elsevier, vol. 103(C).
- Cahen-Fourot, Louison & Campiglio, Emanuele & Dawkins, Elena & Godin, Antoine & Kemp-Benedict, Eric, 2019. "Capital stranding cascades: The impact of decarbonisation on productive asset utilisation," Ecological Economic Papers 18, WU Vienna University of Economics and Business.
- Antoine GODIN & Louison CAHEN-FOUROT & Emanuele CAMPIGLIO & Eric KEMP-BENEDICT & Stefan TRSEK, 2021. "Capital stranding cascades: The impact of decarbonisation on productive asset utilisation," Working Paper 4094e3ee-0cf8-4a0e-861f-a, Agence française de développement.
- Cahen-Fourot, Louison & Campiglio, Emanuele & Godin, Antoine & Kemp-Benedict, Eric & Trsek, Stefan, 2021. "Capital stranding cascades: The impact of decarbonisation on productive asset utilisation," Ecological Economic Papers 37, WU Vienna University of Economics and Business.
- Monasterolo, Irene & de Angelis, Luca, 2020. "Blind to carbon risk? An analysis of stock market reaction to the Paris Agreement," Ecological Economics, Elsevier, vol. 170(C).
- Ha Trong Nguyen & Huong Thu Le & Luke B Connelly, 2021.
"Weather and children's time allocation,"
Health Economics, John Wiley & Sons, Ltd., vol. 30(7), pages 1559-1579, July.
- Nguyen, Ha Trong & Le, Huong Thu & Connelly, Luke B., 2019. "Weather and children’s time allocation," MPRA Paper 94442, University Library of Munich, Germany.
- Doremus, Jacqueline M. & Jacqz, Irene & Johnston, Sarah, 2022.
"Sweating the energy bill: Extreme weather, poor households, and the energy spending gap,"
Journal of Environmental Economics and Management, Elsevier, vol. 112(C).
- Jacqueline Doremus & Irene Jacqz & Sarah Johnston, 2020. "Sweating the energy bill: Extreme weather, poor households, and the energy spending gap," Working Papers 2002, California Polytechnic State University, Department of Economics.
- Jacqueline Doremus & Irene Jacqz & Sarah Johnston, 2021. "Sweating the energy bill: Extreme weather, poor households, and the energy spending gap," Working Papers 2101, California Polytechnic State University, Department of Economics.
- Francesca Diluiso & Barbara Annicchiarico & Matthias Kalkuhl & Jan C. Minx, 2020.
"Climate Actions and Stranded Assets: The Role of Financial Regulation and Monetary Policy,"
CESifo Working Paper Series
8486, CESifo.
- Francesca Diluiso & Barbara Annicchiarico & Matthias Kalkuhl & Jan C. Minx, 2020. "Climate Actions and Stranded Assets: The Role of Financial Regulation and Monetary Policy," CEIS Research Paper 501, Tor Vergata University, CEIS, revised 22 Jul 2020.
- Antoine GODIN & Paul Hadji-Lazaro, 2020.
"Demand-induced transition risks: A systemic approach applied to South Africa,"
Working Paper
1ec2dacf-58b9-4235-8d35-4, Agence française de développement.
- Antoine GODIN & Paul HADJI-LAZARO, 2020. "Demand-induced transition risks: A systemic approach applied to South Africa," Working Paper b86d90ca-ea16-401e-9fac-4, Agence française de développement.
- Huang, Kaixing & Zhao, Hong & Huang, Jikun & Wang, Jinxia & Findlay, Christopher, 2020. "The impact of climate change on the labor allocation: Empirical evidence from China," Journal of Environmental Economics and Management, Elsevier, vol. 104(C).
- Diluiso, Francesca & Annicchiarico, Barbara & Kalkuhl, Matthias & Minx, Jan C., 2021. "Climate actions and macro-financial stability: The role of central banks," Journal of Environmental Economics and Management, Elsevier, vol. 110(C).
- Sam Fankhauser, 2017.
"Adaptation to Climate Change,"
Annual Review of Resource Economics, Annual Reviews, vol. 9(1), pages 209-230, October.
- Sam Fankhauser, 2016. "Adaptation to climate change," GRI Working Papers 255, Grantham Research Institute on Climate Change and the Environment.
- Irene Monasterolo & Nepomuk Dunz & Andrea Mazzocchetti & Régis Gourdel, 2022. "Derisking the low-carbon transition: investors’ reaction to climate policies, decarbonization and distributive effects," Review of Evolutionary Political Economy, Springer, vol. 3(1), pages 31-71, April.
- Ha Trong Nguyen & Huong Thu Le & Luke B Connelly, 2018.
"Rain, Rain, Go Away: Weather and children’s time allocation,"
Bankwest Curtin Economics Centre Working Paper series
WP1801, Bankwest Curtin Economics Centre (BCEC), Curtin Business School.
- Nguyen, Ha Trong & Le, Huong Thu & Connelly, Luke B., 2018. "Rain, rain, go away: Weather and children’s time allocation," MPRA Paper 85731, University Library of Munich, Germany.
More about this item
Keywords
Climate risk assessment; Financial impact assessment; Energy infrastructure investment; Project finance; Climate risk scenario; Cash flow modeling; Climate resilience; Stranded asset;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:167:y:2022:i:c:s1364032122005809. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.