Climate Scenario Analysis for Equities
Realistically, energy transition will be uneven across sectors and geographies. Because the politics of climate mitigation varies considerably across the major economies, and abatement opportunities vary significantly across sectors, the transition is likely to proceed at different rates.
Growth of European Private Credit
The global private credit market is broad and deep, but there are regional differences between the various private credit markets. We delve into the unique characteristics of the European private credit market and assess how the pandemic has affected the sector,
China: A ‘Known Unknown’ Risk in Equity Portfolios
The recent cascade of new regulations, impacting a wide range of sectors from fintech to property and private tuition, was widely perceived as a retrograde move by the government. With the economy largely market-driven over the last four decades, these sudden moves have taken equity markets by surprise.
Pricing Climate Risk
Climate risk will increasingly be reflected in market prices, leading to a potentially dramatic repricing across asset classes, sectors, companies and individual securities. The real question is whether the transition will be an orderly one ushered in by government measures and gradual market adjustments, or an abrupt, sharp decline in market sentiment triggered by a series of climate “Minsky moments.”