Research | Transition risks and market failure: a theoretical discourse on why financial models and economic agents may misprice risk related to the transition to a low-carbon economy
Transition risks and market failure: a theoretical discourse on why financial models and economic agents may misprice risk related to the transition to a low-carbon economy
18 June 2016
The paper has a theoretical focus and looks at the risks associated with transitioning to a low-carbon economy. It looks to highlight externalities that may not be factored into risk models. It concludes in favour of a case of policy intervention and more sophisticated modelling to counter potential market failures.
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