Cross-Border Risks of a Global Economy in Mid-Transition
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Summary:
This paper analyzes the cross-border risks that could result from a decarbonization of the world economy. We develop a typology of cross-border risks and their respective channels. Our qualitative and quantitative scenario analysis suggests that the mid-transition – a period during which fossil-fuel and low-carbon energy systems co-exist and transform at a rapid pace – could have profound stability and resilience implications for global trade and the international financial system.
Series:
Working Paper No. 2023/184
Subject:
Climate policy Environment Exports International trade Non-renewable resources Technology
Frequency:
regular
English
Publication Date:
September 8, 2023
ISBN/ISSN:
9798400254550/1018-5941
Stock No:
WPIEA2023184
Format:
Paper
Pages:
59
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