What the financial sector needs to know about climate-related risks in the next five years: Navigating the new NGFS ...
As climate change intensifies and policy responses evolve, there is a growing consensus in the literature that climate risk is already significant for banks in the short term (Noth and Schüwer 2023, Batten et al. 2016, Vermeulen et al. 2021, ISDA 2023). …