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Rationale and Design of a Scope 3 Capital Charge
dc.contributor.author | Trevisani, Davide | |
dc.contributor.author | López, José Germán | |
dc.contributor.author | Kenyon, Chris | |
dc.contributor.author | Vázquez, Carlos | |
dc.contributor.author | Berrahoui, Mourad | |
dc.date.accessioned | 2023-11-10T15:32:15Z | |
dc.date.available | 2023-11-10T15:32:15Z | |
dc.date.issued | 2023 | |
dc.identifier.uri | http://hdl.handle.net/2183/34152 | |
dc.description | Cursos e Congresos, C-155 | es_ES |
dc.description.abstract | [Abstract] Climate change is caused by greenhouse gas emissions, and governments have introduced over seventy carbon pricing instruments (CPIs). Banks finance a significant fraction of global emissions, and many have committed to reduce their facilitated, or Scope 3, emissions to (net) zero by 2050. However, it is possible that governments will introduce a CPI impacting banks on their Scope 3 emissions earlier. Here we design a Scope 3 capital charge to make banks resilient against the possibility, albeit not certainty, that governments could introduce such a Scope 3 CPI. Based on interest rate swaps, our numerical examples are financially significant for counterparties with significant emissions. The contribution of this work is to provide a technical basis for banks to be sufficiently resilient | es_ES |
dc.description.sponsorship | Xunta de Galicia; ED43IC 2022/047 | es_ES |
dc.description.sponsorship | The authors would like to gratefully acknowledge discussions with participants in recent WBS and ISDA conferences. Davide Trevisani, José Germán López, and Carlos Vázquez acknowledge the funding from the Galician Government (grant ED43IC 2022/047). Davide Trevisani and Carlos Vázquez acknowledge the funding from European Union through the ABC-EU | |
dc.language.iso | eng | es_ES |
dc.publisher | Universidade da Coruña, Servizo de Publicacións | es_ES |
dc.relation | info:eu-repo/grantAgreement/EC/H2020/813261 | es_ES |
dc.relation.uri | https://doi.org/10.17979/spudc.000024.38 | |
dc.rights | Attribution 4.0 International (CC BY 4.0) | es_ES |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-sa/4.0/deed.es | * |
dc.subject | Emisiones de gases de efecto invernadero | es_ES |
dc.subject | Bancos-Informática | es_ES |
dc.subject | Swaps | es_ES |
dc.title | Rationale and Design of a Scope 3 Capital Charge | es_ES |
dc.type | info:eu-repo/semantics/conferenceObject | es_ES |
dc.type | info:eu-repo/semantics/conferenceObject | es_ES |
dc.rights.access | info:eu-repo/semantics/openAccess | es_ES |
UDC.startPage | 249 | es_ES |
UDC.endPage | 255 | es_ES |
UDC.conferenceTitle | VI Congreso Xove TIC: impulsando el talento científico. Octubre, 2023, A Coruña | es_ES |