Article published in Environmental Modeling & Assessment, volume 27
One of the ways for achieving the goals set by the Paris Agreement is to set a price on greenhouse gas emissions. However, a rapid increase in this price may have a financial impact and increase the credit risk of companies. Using medium (2024) and long-term (2060) scenarios, this study analyzes the credit risk sensitivity of 763 international companies. The Energy, Utilities, and Materials sectors are the most affected, with a higher and more heterogeneous risk for the Utilities. However, the risk only becomes significant in the long term. A strengthening of greenhouse gas emission pricing mechanisms therefore seems achievable in the medium term without compromising financial stability.
Recent recovery plans, associated with the COVID‐19 pandemic and the energy transition, increased the funding available to finance innovative low‐carbon projects and called for an economic evaluation of their allocation. This paper analyzes the potential benefit of using repayable advance: a lump‐sum payment to finance the project that is paid back in case of...
The Chairs Armand Peugeot, Energy and Prosperity, and Climate Economics are organizing, on December 6th an 7th, 2023, the 10th edition of the annual international Conference on Mobility Challenges.