Energy Transition and Geoeconomic Fragmentation : Implications for Climate Scenario Design /
The transition to a low-carbon economy, which is needed to mitigate climate change and meet the Paris Agreement temperature goals, has been affected by the supply chain and energy supply disruptions that originated during the COVID-19 pandemic, the Russian invasion of Ukraine, and the subsequent ene...
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| Other Authors: | , , |
| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2023
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| Series: | IMF eLibrary
Staff Climate Notes; Staff Climate Note No 2023/003 |
| Subjects: |
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| 100 | 1 | |a Gardes-Landolfini, Charlotte | |
| 245 | 1 | 0 | |a Energy Transition and Geoeconomic Fragmentation : |b Implications for Climate Scenario Design / |c Charlotte Gardes-Landolfini, Pierpaolo Grippa, William Oman, Sha Yu |
| 264 | 1 | |a Washington, D.C. : |b International Monetary Fund, |c 2023 | |
| 300 | |a 1 online resource (44 pages) | ||
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| 520 | 3 | |a The transition to a low-carbon economy, which is needed to mitigate climate change and meet the Paris Agreement temperature goals, has been affected by the supply chain and energy supply disruptions that originated during the COVID-19 pandemic, the Russian invasion of Ukraine, and the subsequent energy crisis and exacerbation of geopolitical tensions. These developments, and the broader context of the ongoing "polycrisis," can affect future decarbonization scenarios. This reflects three main factors: (1) pullbacks in climate mitigation policies and increased carbon lock-in in fossil fuel infrastructure and policymaking; (2) the decreasing likelihood of continuous cost reduction in renewable energy technologies; and (3) the likely intensification of macroeconomic shocks amid increasing geoeconomic fragmentation, and the associated policy responses. In this context, the note assesses the implications of the polycrisis for hypothetical scenarios used to assess climate-related financial risks. Following an analysis of the channels through which these effects are likely to materialize over short- and long-term horizons and some policy implications, the note proposes potential adjustments to the design of the climate scenarios used by financial institutions, central banks, and financial sector supervisors and regulators within their risk management frameworks | |
| 588 | |a Description based on print version record | ||
| 650 | 7 | |a Alternative Energy Sources |2 imf | |
| 650 | 7 | |a Capital and Ownership Structure |2 imf | |
| 650 | 7 | |a Climate change |2 imf | |
| 650 | 7 | |a Climate |2 imf | |
| 650 | 7 | |a Climatic changes |2 imf | |
| 650 | 7 | |a Currency crises |2 imf | |
| 650 | 7 | |a Economic & financial crises & disasters |2 imf | |
| 650 | 7 | |a Economic sectors |2 imf | |
| 650 | 7 | |a Economics of specific sectors |2 imf | |
| 650 | 7 | |a Economics |2 imf | |
| 650 | 7 | |a Economics: General |2 imf | |
| 650 | 7 | |a Energy |2 imf | |
| 650 | 7 | |a Energy: General |2 imf | |
| 650 | 7 | |a Energy: Government Policy |2 imf | |
| 650 | 7 | |a Environment and Growth |2 imf | |
| 650 | 7 | |a Environment |2 imf | |
| 650 | 7 | |a Environmental Conservation and Protection |2 imf | |
| 650 | 7 | |a Environmental Economics |2 imf | |
| 650 | 7 | |a Environmental Economics: Government Policy |2 imf | |
| 650 | 7 | |a Environmental Policy |2 imf | |
| 650 | 7 | |a Environmental management |2 imf | |
| 650 | 7 | |a Environmental policy & protocols |2 imf | |
| 650 | 7 | |a Environmental policy |2 imf | |
| 650 | 7 | |a Financial Forecasting and Simulation |2 imf | |
| 650 | 7 | |a Financial Risk and Risk Management |2 imf | |
| 650 | 7 | |a Financial crises |2 imf | |
| 650 | 7 | |a Financing Policy |2 imf | |
| 650 | 7 | |a Foreign Exchange |2 imf | |
| 650 | 7 | |a Global Warming |2 imf | |
| 650 | 7 | |a Globalization: Finance |2 imf | |
| 650 | 7 | |a Goodwill |2 imf | |
| 650 | 7 | |a Hydrocarbon Resources |2 imf | |
| 650 | 7 | |a Informal Economy |2 imf | |
| 650 | 7 | |a Informal sector |2 imf | |
| 650 | 7 | |a International Finance Forecasting and Simulation |2 imf | |
| 650 | 7 | |a International Policy Coordination and Transmission |2 imf | |
| 650 | 7 | |a Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General |2 imf | |
| 650 | 7 | |a Macroeconomics |2 imf | |
| 650 | 7 | |a Natural Disasters and Their Management |2 imf | |
| 650 | 7 | |a Natural Resources |2 imf | |
| 650 | 7 | |a Natural resources |2 imf | |
| 650 | 7 | |a Nonrenewable Resources and Conservation: General |2 imf | |
| 650 | 7 | |a Prices |2 imf | |
| 650 | 7 | |a Renewable Resources and Conservation: Demand and Supply |2 imf | |
| 650 | 7 | |a Renewable energy sources |2 imf | |
| 650 | 7 | |a Underground Econom |2 imf | |
| 650 | 7 | |a Value of Firms |2 imf | |
| 700 | 1 | |a Grippa, Pierpaolo | |
| 700 | 1 | |a Oman, William | |
| 700 | 1 | |a Yu, Sha | |
| 776 | 0 | 8 | |i Print Version: |a Gardes-Landolfini, Charlotte |t Energy Transition and Geoeconomic Fragmentation: Implications for Climate Scenario Design |d Washington, D.C. : International Monetary Fund, 2023. |z 9798400258268 |
| 830 | 0 | |a IMF eLibrary | |
| 830 | 0 | |a Staff Climate Notes; Staff Climate Note No 2023/003 | |
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