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  • Writer's pictureGustavo 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.



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