Category Archives: Global warming

Energy Destinies – Part 5 Energy Transition – Mystery Destination

An energy transition refers to a major structural shift in energy systems. There have been several such historical transitions – bio-fuels, such as wood, to water and wind energies and then to fossil fuels. In its current usage, it is used to describe the attempt to replace fossil-based systems of energy production and consumption with renewable energy sources.

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Climate Risk Stress Tests Underestimate Potential Financial Sector Losses

Given the complexity of the link between climate shocks and financial sector outcomes, the authors argue that current methods have several key limitations that may lead to significant underestimation of potential financial sector losses.

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