European economy climate stress test: companies have a lot more to lose than the ECB thinks

Professors Aurélien Acquier and Jérôme Creel analysed the results of the first climate stress test on non-financial companies and banks in the euro area. Although it has not really grasped the scale and the true nature of the risks that climate change will pose to the economy and our businesses, it confirms the need to take them seriously.

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