IDEAS home Printed from https://ideas.repec.org/a/cai/recosp/reco_732_0151.html
   My bibliography  Save this article

Sensibilité du risque de crédit au prix du carbone

Author

Listed:
  • Vincent Bouchet
  • Théo Le Guenedal

Abstract

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.

Suggested Citation

  • Vincent Bouchet & Théo Le Guenedal, 2022. "Sensibilité du risque de crédit au prix du carbone," Revue économique, Presses de Sciences-Po, vol. 73(2), pages 151-172.
    • Handle: RePEc:cai:recosp:reco_732_0151
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=RECO_732_0151
    Download Restriction: free
    File URL: http://www.cairn.info/revue-economique-2022-2-page-151.htm
    Download Restriction: free
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:recosp:reco_732_0151. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-economique.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.