Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/283347 
Year of Publication: 
2023
Series/Report no.: 
Technical Paper No. 04/2023
Publisher: 
Deutsche Bundesbank, Frankfurt a. M.
Abstract: 
This paper presents the methodology applied in the Deutsche Bundesbank's climate transition stress test for the German financial system, see Deutsche Bundesbank (2023). It discusses the construction of the transition scenarios underlying the analysis, including a long-run orderly scenario and a more disruptive short-term carbon price shock. Furthermore, the document shows the methodology for translating scenario impacts onto the asset level, which includes the consideration of firm-level carbon emission data where available. Finally, the impacts on the balance sheets of German banks, funds and insurers are discussed.
Subjects: 
climate risks
stress testing
climate scenarios
financial stability
JEL: 
G2
H23
Q5
Document Type: 
Working Paper

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