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  • Photo du rédacteurHélène Dufour

Estimating German Bank Climate Risk Exposure using the EU Emissions Trading System

" We focus on German banks and measure their exposure to climate risk using CO2 emissions reported for German firms in the European Union Emissions Trading System (EU ETS). ... Overall, our approach accounts for 61.25% of the German emissions covered under the EU ETS. We document that only 19 German banks concentrate 95.88% of the total CO2 emissions in their portfolios. "

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