Are insurance balance sheets carbon-neutral? Harnessing asset pricing for climate change policy(dagger)
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Embodied carbon emissions during material extraction, production, transportation, building construction, and demolition are irreversible. The Intergovernmental Panel on Climate Change (IPCC) states that the building sector must be zero carbon by 2050. This ...
This thesis examines the optimal mode of financing for banks and financial institutions. The first chapter, which is a joint work with Prof. Jean-Charles Rochet, investigates how Systemically Important Financial Institutions (SIFIs) should be financed. The ...
This paper is inspired by a risk management problem faced by a leading pharmaceutical company. Key operational risk mitigation measures include Risk Mitigation Inventory (RMI), Dual Sourcing and Agility Capacity. We study the relationship between these thr ...
Resource use is increasing globally, and four of nine planetary boundaries have now been crossed due human activities, out of which climate change and biosphere integrity are "core boundaries", implying a risk of driving the Earth system into a new state. ...
In order to assess the cooperation between industrialized and developing countries in the design of a comprehensive worldwide climate policy to limit the global long-term temperature increase to 2°C, we developed an iterative procedure linking the global t ...
In order to be able to bear the risk they are taking, insurance companies have to set aside a certain amount of cushion that can guarantee the payment of liabilities, up to a dened probability, and thus to remain solvent in case of bad events. This amount ...
The long residence time of carbon in forests and soils means that both the current state and future behavior of the terrestrial biosphere are influenced by past variability in climate and anthropogenic land use. Over the last half-millennium, European terr ...
Overview Climate policy is one of the corner stones of European Union (EU) policy. In 2011, the European Commission has defined a roadmap to low carbon economy in 2050 in which the Commission reconfirmed the EU objective of reducing European greenhouse gas ...
The present report is a follow-up and update of a previous report of December 2013 to UNEP, “Modeling the impacts of a minimum global carbon price“. The topic is the same, i.e. the “study on a global minimum carbon price that will analyze its potential to ...