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Titel
Climate stress tests, bank lending, and the transition to the carbon-neutral economy / Larissa Fuchs, Huyen Ngyuen, Trang Nguyen, Klaus Schaeck ; editor: Halle Institute for Economic Research (IWH) - Member of the Leibniz Association
VerfasserFuchs, Larissa ; Ngyuen, Huyen ; Nguyen, Trang ; Schaeck, Klaus
KörperschaftLeibniz-Institut für Wirtschaftsforschung Halle
ErschienenHalle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [2024?]
Ausgabe
This version: 10.06.2024
Umfang1 Online-Ressource (III, 60 Seiten, 0,93 MB) : Diagramme
Anmerkung
Literaturverzeichnis: Seite 33-36
SpracheEnglisch
SerieIWH-Diskussionspapiere ; 2024, no. 9 (March 2024) [rev.]
URNurn:nbn:de:gbv:3:2-1065442 
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Climate stress tests, bank lending, and the transition to the carbon-neutral economy [0.93 mb]
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We ask if bank supervisors’ efforts to combat climate change affect banks' lending and their borrowers’ transition to the carbon-neutral economy. Combining information from the French supervisory agency’s climate pilot exercise with borrowers' emission data we first show that banks that participate in the exercise increase lending to high-carbon emitters but simultaneously charge higher interest rates. Second participating banks collect new information about climate risks and boost lending for green purposes. Third receiving credit from a participating bank facilitates borrowers’ efforts to improve environmental performance. Our findings establish a hitherto undocumented link between banking supervision and the transition to net-zero.