• Gustavo Bernal Torres

Economic Impacts of Climate Change

Exploring short-term climate-related shocks with macroeconomic models

  • To advance financial industry knowledge on this important topic, UNEP FI and UK-based National Institute of Economic and Social Research (NIESR) have partnered to explore short-term climate-related shocks for financial actors with macroeconomic models.

  • This report features three new climate-driven macroeconomic shock scenarios developed by UNEP FI and NIESR as part of UNEP FI’s Taskforce on Climate-related Financial Disclosures (TCFD) Programme. The three short-term scenarios are: sudden rise in carbon price, spike in oil price, and trade war.

Source: https://www.unepfi.org/publications/economic-impacts-of-climate-change-exploring-short-term-climate-related-shocks-with-macroeconomic-models/


Recent Posts

See All

EVs are shoving aside real volumes of oil. Global oil demand in road transport reached roughly 43.7 million barrels per day in 2021, a slight increase since 2015. The adoption of electric vehicles and

Fossil fuel companies are planning nearly 195 projects capable of producing at least a billion tons of CO2 pollution. The document identifies the 425 biggest fossil fuel extraction projects globally (