Carbon Taxes > EU accounting rules could cost banks €28 bln if they divest entirely from fossil fuels -study

EU accounting rules could cost banks €28 bln if they divest entirely from fossil fuels -study

Published 16:59 on April 2, 2024  /  Last updated at 16:59 on April 2, 2024  / /  Carbon Taxes, EMEA, EU ETS

Divesting from fossil fuels could cost banks dearly as a result of model-based EU financial regulations that rely on backward-looking risk estimates, which are insensitive to ‘structural breaks’ like the clean energy transition, according to peer-reviewed research published Tuesday.
Divesting from fossil fuels could cost banks dearly as a result of model-based EU financial regulations that rely on backward-looking risk estimates, which are insensitive to ‘structural breaks’ like the clean energy transition, according to peer-reviewed research published Tuesday.


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