请选择 进入手机版 | 继续访问电脑版
首页双碳行业研报双碳行业研报券商研报欧洲央行-气候变化的全球化:通过投入产出链放大与气候相关的物理风险(英)-2024.5-35页
admin

文档

2667

关注

0

好评

0
PDF

欧洲央行-气候变化的全球化:通过投入产出链放大与气候相关的物理风险(英)-2024.5-35页

阅读 784 下载 268 大小 2.3M 总页数 35 页 2024-06-07 分享
价格:¥ 5.00
下载文档
/ 35
全屏查看
欧洲央行-气候变化的全球化:通过投入产出链放大与气候相关的物理风险(英)-2024.5-35页
还有 35 页未读 ,您可以 继续阅读 或 下载文档
1、本文档共计 35 页,下载后文档不带水印,支持完整阅读内容或进行编辑。
2、当您付费下载文档后,您只拥有了使用权限,并不意味着购买了版权,文档只能用于自身使用,不得用于其他商业用途(如 [转卖]进行直接盈利或[编辑后售卖]进行间接盈利)。
3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。
4、如文档内容存在违规,或者侵犯商业秘密、侵犯著作权等,请点击“违规举报”。

5、有任何问题,文件需求请联系WX:baomafenxiang520

EUROPEAN CENTRAL BANKEUROSYSTEMWorking Paper SeriesStephan Fahr,Richard Senner,Andrea VismaraThe globalization of climate change:amplification of climate-relatedphysical risks through input-outputlinkagesNo2942Disclaimer:This paper should not be reported as representing the views of the European Central Bank(ECB).The views expressed are those of the authors and do not necessarily reflect those of the ECB.AbstractWhile global supply chains have recently gained attention in the context of the Covid-related crisis aswell as the war in Ukraine,their role in transmitting and amplifying climate-related physical risks acrosscountries has received surprisingly little attention.To address this shortcoming,this paper for the firsttime combines country-level GDP losses due to climate-related physical risks with a global Input-Outputmodel.More specifically,climate-related GDP-at-risk data are used to quantify the potential directimpact of physical risks on GDP at the country or regional level.This direct impact on GDP is then usedto shock a global Input-Output(IO)model so that the propagation of the initial shock to country-sectorsaround the world becomes observable.The findings suggest that direct GDP loss estimates can severelyunderestimate the ultimate impact of physical risk because trade can lead to losses that are up to 30 timeshigher in the EA than what looking at the direct impacts would suggest.However,trade can also mitigatelosses if substitutability across country-sectors is possible.Future research should (i)develop moregranular,holistic,and forward-looking global physical risk data and (ii)examine more closely the roleof both partially substitutable outputs,and critical outputs that are less substitutable or not substitutableat all,such as in the food sector.JEL Classification:E01,Q54,Q56,F18Keywords:Supply chains,physical risk,climate changeECB Working Paper Series No 2942
返回顶部