Low-carbon transition risks

As the climate crisis intensifies, a growing number of countries and companies are setting ambitious decarbonisation targets. This transition to a low-carbon society and economy is critical to reducing climate change risks, and policymakers should pay more attention to the potential for unintended adverse impacts that might slow or derail the process. A strong focus on these “transition risks” and their governance should be seen as an integral part ensuring that climate policies succeed.

In September 2020, IRGC convened an expert workshop, bringing together an international and interdisciplinary group to discuss this topic. The workshop was organised in collaboration with the Institute on Applied Sustainability Science (IASS) and with support from the Swiss Re Institute. The resulting policy brief outlines the adverse impacts that the low-carbon transition might trigger, and points to a range of governance responses that are needed.