The DOI matches its Crossref record; 10 of the 10 references it cites were found in a registry or an index.
The NACE – CPRS – IAM mapping: A tool to support climate risk analysis of financial portfolio using NGFS scenarios.
Open accessAbstract
We propose a mapping from NACE codes of economic activities, into Climate Policy Relevant Sectors (CPRS) and into the variables of the process-based Integrated Assessment Models (IAM) used by the Network for Greening the Financial System (NGFS) to provide its climate scenarios. We discuss the classification of CPRS at the disaggregation level provided by CPRS Granular, which distinguishes across energy technologies (e.g. within transport, motor vehicles powered by combustion vs electric engines). Then, we describe the mapping of NACE 4-digit – CPRS Granular – IAM variables used in the scenarios of the NGFS. CPRS enable users to group the large number of NACE codes into few categories of climate transition risk. At this point, it is possible to identify for each NACE economic activity the most relevant IAM variable to use in the NGFS scenarios. This procedure enables the use of climate scenarios (e.g. NGFS) for climate-related financial disclosure and climate stress testing. The goal of this note, and of the proposed mapping is to support practitioners, financial supervisors, investors and academics in climate transition risk disclosure and climate transition risk assessment, providing a science-based, transparent and operational tool.
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Citations
Cites
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Metadata
- Authors
- Battiston, S., Monasterolo, I., van Ruijven, B., & Krey, V.
- Affiliations
- Ca' Foscari University of Venice (IT)
- Center for Economic and Policy Research (US)
- International Institute for Applied Systems Analysis (AT)
- Corresponding author
- Monasterolo, Irene
- Venue
- SSRN Electronic Journal
- Publisher
- Elsevier BV
- Published
- 2022
- ISSN
- 1556-5068 (ISSN-L)
- OpenAlex
- W4312428902
- Cited by
- 18
- References
- 10
- Citations by year
- 2026: 4 · 2025: 3 · 2024: 3 · 2023: 6 · 2022: 2
- Type
- posted content
- Language
- en
- Open access
- green
- doi.org
- Locations
- SSRN Electronic Journal (acceptedVersion)
- IIASA PURE (International Institute of Applied Systems Analysis) (acceptedVersion)
- Zurich Open Repository and Archive (University of Zurich) (acceptedVersion, other-oa)
- Zurich Open Repository and Archive (University of Zurich) (submittedVersion, other-oa)
- Zurich Open Repository and Archive (University of Zurich)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Finance › Sustainable Finance and Green Bonds
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Climate Change Policy and Economics
- Physical Sciences › Environmental Science › Global and Planetary Change › Sustainability and Climate Change Governance
- Keywords
- integrated assessment models, transition risk, climate stress testing, climate-related financial disclosure, economic activity classification
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