Article published in Environmental Modeling & Assessment, volume 27
One of the ways for achieving the goals set by the Paris Agreement is to set a price on greenhouse gas emissions. However, a rapid increase in this price may have a financial impact and increase the credit risk of companies. Using medium (2024) and long-term (2060) scenarios, this study analyzes the credit risk sensitivity of 763 international companies. The Energy, Utilities, and Materials sectors are the most affected, with a higher and more heterogeneous risk for the Utilities. However, the risk only becomes significant in the long term. A strengthening of greenhouse gas emission pricing mechanisms therefore seems achievable in the medium term without compromising financial stability.
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Le laboratoire GAEL (Grenoble Applied Economics Laboratory) et la Chaire Energie et Prospérité organisent un workshop sur l’économie de la bioénergie les jeudi 9 et vendredi 10 octobre 2025 sur le campus universitaire de Grenoble.