CO2 QUOTE Closing from 24-09-2026 86,19 €/T

A trillion dollars of climate risk.

This report uses fossil fuel exposure data to estimate the subsidy enjoyed by fossil fuel companies due to underestimation of transition risks. The results show that banks have more than $1.1 trillion in exposures to coal, oil and gas extraction, and electricity production from fossil fuels, so a systemic risk buffer could be implemented.