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SUMMARY:Carbon Default Swap – Disentangling the Exposure to Carbon Risk 
 Through CDS - Luca Taschini (University of Edinburgh Business School)
DTSTART;VALUE=DATE-TIME:20230522T160500
DTEND;VALUE=DATE-TIME:20230522T171500
UID:https://talks.ox.ac.uk/talks/id/730159e9-7fab-4f1f-914c-a04ce36618ae/
DESCRIPTION:Using Credit Default Swap spreads\, we construct a forward-loo
 king\, market-implied carbon risk factor.  The exposure to climate risk va
 ries from region to region\, from industry to industry\, and from year to 
 year. Crucially\, expectations of an increasingly tighter carbon regulator
 y framework make carbon risk more prominent in the short term in Europe. B
 asically\, a rapid acceleration of the transformation is likely to have si
 gnificant financial impacts in the near future and\, consequently\, a fast
 er decline in credit quality in the nearer versus longer term (especially 
 in Europe). \nSpeakers:\nLuca Taschini (University of Edinburgh Business S
 chool)
LOCATION:Manor Road Building (Lecture Theatre or https://zoom.us/j/9241595
 5348?pwd=ME5ybjVBVk90aThHdkcwVnZiUWF4Zz09)\, Manor Road OX1 3UQ
TZID:Europe/London
URL:https://talks.ox.ac.uk/talks/id/730159e9-7fab-4f1f-914c-a04ce36618ae/
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DESCRIPTION:Talk:Carbon Default Swap – Disentangling the Exposure to Car
 bon Risk Through CDS - Luca Taschini (University of Edinburgh Business Sch
 ool)
TRIGGER:-PT1H
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