Climate Change Risk and Financial Stability: Implications for European Banking Institutions
気候変動リスクと金融安定性：欧州銀行機関への影響 (AI 翻訳)
Md Yousuf Ali
🤖 gxceed AI 要約
日本語
本研究は、気候変動リスクがEUの銀行システムの安定性を弱めるかどうかを検証し、再生可能エネルギーの導入とエネルギー関連税がこの関係をどのように緩和するかを評価する。2012年から2022年までの27のEU諸国のパネルデータを用いた分析では、気候リスクが高いほど銀行システムの安定性が低下することが一貫して示された。再生可能エネルギー消費とエネルギー税はともにこの悪影響を緩和するが、再生可能エネルギーの安定化効果は高い導入レベルで逓減し、エネルギー税の緩和効果は財政緊縮度の高い国でより強い。
English
This study examines whether climate change risk weakens banking system stability in the EU and assesses how renewable energy adoption and energy taxation moderate this relationship. Using panel data for 27 EU countries from 2012 to 2022, the analysis consistently shows that higher climate risk reduces banking stability. Both renewable energy consumption and energy taxes mitigate this adverse effect, though renewable energy exhibits diminishing returns at higher deployment levels and energy tax moderation is stronger in countries with higher fiscal stringency.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
本論文はEUを対象としているが、日本の金融機関が気候変動リスクを評価する際の分析枠組みとして参考になる。特に、再生可能エネルギー導入や環境税の緩和効果に関する実証結果は、日本のGX政策（例：GXリーグ、カーボンプライシング）の金融安定性への影響を考察する上で示唆に富む。
In the global GX context
This paper contributes to the global climate-finance literature by empirically linking climate risk to banking stability and identifying renewable energy and energy taxes as moderators. For international readers, it provides evidence relevant to the ongoing discussions on climate stress testing and the role of environmental policies in financial regulation, particularly in the context of the European Central Bank's climate agenda.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the climate risk-financial stability nexus and the moderating roles of renewable energy and energy taxes, useful for further research on climate stress testing and policy interactions.
🏢実務担当者:Offers insights for risk managers in European banks on how climate risk affects stability and how renewable energy adoption and energy taxes can mitigate risks.
🏛政策担当者:Highlights the importance of renewable energy deployment and energy taxation as tools to enhance banking sector resilience against climate risk, relevant for financial regulators and environmental policymakers.
📄 Abstract（原文）
ABSTRACT This study examines whether climate change risk weakens banking‐system stability in the European Union and assesses how renewable energy adoption and energy‐related taxation moderate this relationship. Using panel data for 27 EU countries from 2012 to 2022 and applying fixed‐effects OLS, two‐stage least squares (2SLS), and robust generalized method of moments (GMM) estimations, the analysis consistently shows that higher climate risk reduces banking‐system stability. Both renewable energy consumption and energy taxes mitigate this adverse effect, though the stabilizing influence of renewable energy exhibits diminishing returns at higher deployment levels and energy‐tax moderation is stronger in countries with higher fiscal stringency. These patterns hold across alternative outcome measures and identification strategies. The study contributes to climate‐finance research by integrating environmental governance mechanisms into the assessment of financial stability and by highlighting the role of sustainable energy transitions and environmental tax policy in strengthening the resilience of European banking systems.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1002/bse.70860first seen 2026-05-05 19:11:30
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。