Outerblue Talks Green - Carbon price and credit default: introducing the carbon price margin
The unprecedented transition associated to achieving the goals of the Paris Agreement generates a transition risk for the financial system. Identifying the exposure of investment portfolios to such risks faces various challenges.Théo Le Guenedal, one of Amundi's quantitative researcher explains for Outerblue the results of his study "Credit Risk Sensitivity to Carbon Price", a paper which wins GRASFI 2020 Best Paper Prize for Research on Climate Finance (sponsored by Imperial College London).
To read the full paper:
"Credit Sensitivity to Carbon Price": https://research-center.amundi.com/article/credit-risk-sensitivity-carbon-price
To go further about Amundi's quantitative research on carbon price:
"Measuring and Managing Carbon Risk in Investment Portfolios": https://research-center.amundi.com/article/measuring-and-managing-carbon-risk-investment-portfolios
DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change and should not be relied upon as investment advice on behalf of Amundi.