{"id":62,"date":"2021-04-12T01:21:13","date_gmt":"2021-04-12T05:21:13","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/?post_type=chapter&#038;p=62"},"modified":"2021-07-05T23:43:28","modified_gmt":"2021-07-06T03:43:28","slug":"transition-risk-pathways","status":"publish","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/chapter\/transition-risk-pathways\/","title":{"raw":"Transition Risk Pathways","rendered":"Transition Risk Pathways"},"content":{"raw":"Semieniuk et al. (2019) identify how climate-responsive policies, technologies and consumer preferences impact both the real economy (in which goods and services are produced and traded) and the financial economy (which deals with financial assets, investment, banking and insurance). Economy-wide interactions amplify and transmit the effects to companies, households and governments. Feedback loops can exacerbate the situation.\r\n<p id=\"yui_3_17_2_1_1618204841564_40\"><a href=\"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-content\/uploads\/sites\/1354\/2021\/04\/Transition-risk-pathways.png\"><img class=\"alignnone wp-image-285 size-full\" src=\"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-content\/uploads\/sites\/1354\/2021\/04\/Transition-risk-pathways.png\" alt=\"\" width=\"1791\" height=\"1097\" \/><\/a><\/p>\r\n\r\n<h6>Image attribution: \"Climate Induced changes to policies, technologies &amp; consumer &amp; investor preferences\" by\u00a0Todd Thexton,\u00a0Financial Impact of Climate Change,\u00a0<a href=\"https:\/\/adaptationlearningnetwork.com\/\" target=\"_blank\" rel=\"noopener\">Adaptation Learning Network<\/a>\u00a0is licensed under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/4.0\" target=\"_blank\" rel=\"noopener\">CC BY 4.0<\/a>.<\/h6>\r\nBefore continuing, read <span lang=\"EN-US\">Semieniuk, G., Campiglio, E., Cercurre, J., Volz, U., &amp; Edwards, N.R. (2021).\u00a0<a href=\"https:\/\/onlinelibrary.wiley.com\/doi\/epdf\/10.1002\/wcc.678\" target=\"_blank\" rel=\"noopener\">Low-carbon transition risks for finance<\/a>.\u00a0<i>WIREs Climate Change, 12<\/i>(1). Though the complete article makes an important contribution to understanding transition risks, section 4 (pp. 6 \u2013 13) are critical to interpreting the diagram above.<\/span>","rendered":"<p>Semieniuk et al. (2019) identify how climate-responsive policies, technologies and consumer preferences impact both the real economy (in which goods and services are produced and traded) and the financial economy (which deals with financial assets, investment, banking and insurance). Economy-wide interactions amplify and transmit the effects to companies, households and governments. Feedback loops can exacerbate the situation.<\/p>\n<p id=\"yui_3_17_2_1_1618204841564_40\"><a href=\"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-content\/uploads\/sites\/1354\/2021\/04\/Transition-risk-pathways.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-285 size-full\" src=\"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-content\/uploads\/sites\/1354\/2021\/04\/Transition-risk-pathways.png\" alt=\"\" width=\"1791\" height=\"1097\" srcset=\"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-content\/uploads\/sites\/1354\/2021\/04\/Transition-risk-pathways.png 1791w, https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-content\/uploads\/sites\/1354\/2021\/04\/Transition-risk-pathways-300x184.png 300w, https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-content\/uploads\/sites\/1354\/2021\/04\/Transition-risk-pathways-1024x627.png 1024w, https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-content\/uploads\/sites\/1354\/2021\/04\/Transition-risk-pathways-768x470.png 768w, https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-content\/uploads\/sites\/1354\/2021\/04\/Transition-risk-pathways-1536x941.png 1536w, https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-content\/uploads\/sites\/1354\/2021\/04\/Transition-risk-pathways-65x40.png 65w, https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-content\/uploads\/sites\/1354\/2021\/04\/Transition-risk-pathways-225x138.png 225w, https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-content\/uploads\/sites\/1354\/2021\/04\/Transition-risk-pathways-350x214.png 350w\" sizes=\"auto, (max-width: 1791px) 100vw, 1791px\" \/><\/a><\/p>\n<h6>Image attribution: &#8220;Climate Induced changes to policies, technologies &amp; consumer &amp; investor preferences&#8221; by\u00a0Todd Thexton,\u00a0Financial Impact of Climate Change,\u00a0<a href=\"https:\/\/adaptationlearningnetwork.com\/\" target=\"_blank\" rel=\"noopener\">Adaptation Learning Network<\/a>\u00a0is licensed under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by\/4.0\" target=\"_blank\" rel=\"noopener\">CC BY 4.0<\/a>.<\/h6>\n<p>Before continuing, read <span lang=\"EN-US\">Semieniuk, G., Campiglio, E., Cercurre, J., Volz, U., &amp; Edwards, N.R. (2021).\u00a0<a href=\"https:\/\/onlinelibrary.wiley.com\/doi\/epdf\/10.1002\/wcc.678\" target=\"_blank\" rel=\"noopener\">Low-carbon transition risks for finance<\/a>.\u00a0<i>WIREs Climate Change, 12<\/i>(1). Though the complete article makes an important contribution to understanding transition risks, section 4 (pp. 6 \u2013 13) are critical to interpreting the diagram above.<\/span><\/p>\n","protected":false},"author":120,"menu_order":11,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[48],"contributor":[],"license":[],"class_list":["post-62","chapter","type-chapter","status-publish","hentry","chapter-type-numberless"],"part":54,"_links":{"self":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/62","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/users\/120"}],"version-history":[{"count":5,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/62\/revisions"}],"predecessor-version":[{"id":295,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/62\/revisions\/295"}],"part":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/parts\/54"}],"metadata":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/62\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/media?parent=62"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapter-type?post=62"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/contributor?post=62"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/license?post=62"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}