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.

Cross-Border Risks of a Global Economy in Mid-Transition

Emanuele Campiglio
2023

Abstract

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.
2023
Etienne Espagne ; William Oman ; Jean-François Mercure ; Romain Svartzman ; Ulrich Volz ; Hector Pollitt ; Gregor Semieniuk ; Emanuele Campiglio
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/942313
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