Trevisani, DavideLópez-Salas, José GermánKenyon, ChrisVázquez, CarlosBerrahoui, Mourad2023-11-102023-11-102023http://hdl.handle.net/2183/34152Cursos e Congresos, C-155[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 resilientengAttribution 4.0 International (CC BY 4.0)https://creativecommons.org/licenses/by-nc-sa/4.0/deed.esEmisiones de gases de efecto invernaderoBancos-InformáticaSwapsconference outputopen access