Climate shocks could cut ‘polluting’ EU funds’ value by 20%
Funds in the European Union holding assets of high carbon-emitting companies could suffer losses of 20% or more if the economy were to suddenly shift to a climate-friendly model.
New research published by the European Securities and Markets Authority (Esma) studied the effects of a series of climate scenarios on almost 24,000 investment funds in the EU. System-wide, losses ranged from €500 billion ($599 billion) to €1.3 trillion, or between 6.8% and 19.4% of fund assets.
However, at the fund
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
Regulation
EU eyes fix to FRTB’s capital asymmetry for govvies
Banks say French presidency proposal would see PD floor slashed for sovereign bonds under IMA
Receive this by email