Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/322322 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
Working Paper No. 18/2024
Verlag: 
Norges Bank, Oslo
Zusammenfassung: 
We show that climate transition risks can significantly disrupt supply chain networks. Specifically, suppliers affected by the California cap-and-trade program are more likely to lose customer relationships and less likely to form new ones compared to their competitors unaffected by the program. The effects are more pronounced among suppliers facing high competitive pressure and producing standardized inputs. Additionally, affected suppliers experience declines in revenues, assets, and profitability. This supply chain rewiring induced by uncoordinated climate policies is consistent with carbon leakage, as customers exposed to the program through production networks show an increase in their supply chain emission intensity.
Schlagwörter: 
Climate finance
Carbon pricing policy
Carbon emissions
Supply chain
Product market competition
Input specificity
JEL: 
G32
Q54
Q55
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-82-8379-339-0
Creative-Commons-Lizenz: 
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Dokumentart: 
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