Full Title: Moving to a Low-Carbon Economy: The Financial Impact of the Low- Carbon Transition
Author(s): David Nelson, Morgan Hervé-Mignucci, Andrew Goggins, Sarah Jo Szambelan, and Julia Zuckerman
Publisher(s): Climate Policy Initiative
Publication Date: 10/2014
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A major concern regarding a transition to a low-carbon economy is the impact that it could have on the global financial system.This paper assesses the impact of a potential transition, looking not just at the investment required and the impact of a transition on the value of existing assets,but also looking more broadly at other factors that could affect the financial capacity of the global financial system, including operating expenses, risk, and the lifespan of investments.