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The European Central Bank
Found 2 free book(s)Macro-financial scenarios for the 2022 climate risk stress ...
www.bankingsupervision.europa.euEven though European emissions gradually decline under this scenario, global emissions rise until 2080, leading to global warming of around 3°C. Critical temperature thresholds are exceeded, leading to severe physical risks and ... European Central Bank Created Date:
Occasional Paper Series - ecb.europa.eu
www.ecb.europa.eu4.2 Breakdown of European firms’ exposures to climate risk 26 4.3 Breakdown of euro area bank exposures to climate risk 32 5 Transmission to firms 38 5.1 Impact of climate risk on NFC financials 39 5.2 Calculation of expected losses from physical risk 40 5.3 Impact on the median European firm 42 5.4 Impact on the highest emitting firms 44