List of references

Copernicus (2025), Global Climate Highlights 2024 , The 2024 Annual Climate Summary.

Deutsche Bundesbank (2024a), Climate-related disclosures by the Deutsche Bundesbank 2024 .  

Deutsche Bundesbank (2024b), Financial Stability Review 2024, Special chapter: Risks arising from an unexpected and immediate carbon price increase.

Deutsche Bundesbank (2022), Climate change and climate policy: analytical requirements and options from a central bank perspective , Monthly Report, January 2022.

ECB Governing Council (March 2024), Changes to the operational framework for implementing monetary policy .

Eickmeier, S. and L. Petersen (2024), The ECB’s climate activities and public trust , Deutsche Bundesbank Discussion Paper No 43/2024.

Eickmeier, S., J. Quast and Y. Schüler (2024), Macroeconomic and financial effects of natural disasters , Deutsche Bundesbank Discussion Paper No 45/2024.

Elderson, F. (2024), Taking account of nature, naturally .

Fricke, D. and C. Meinerding (2024), Who pays the greenium and why? A decomposition , Deutsche Bundesbank Discussion Paper No 41/2024.

Giovanardi, F., M. Kaldorf, L. Radke and F. Wicknig (Dezember 2023), The preferential treatment of green bonds , Review of Economic Dynamics.

Johnson, J. et al. (2021), The Economic Case for Nature: A Global Earth-Economy Model to Assess Development Policy Pathways , Worldbank.

Kaldorf, M. and M. Rottner (2024), Climate Minsky moments and endogenous financial crises , Deutsche Bundesbank Discussion Paper No 26/2024.

Kotz, M., E. Lis, F. Kuik and C. Nickel (2024), Global warming and heat extremes to enhance inflationary pressures , Communications Earth & Environment.

Meinerding, C., A. Poinelli and Y. Schüler (2023), Households’ inflation expectations and concern about climate change , European Journal of Political Economy.

Meinerding, C., Y. Schüler and P. Zhang (2023), Shocks to transition risk , Deutsche Bundesbank Discussion Paper No 04/2023.

NGFS (2024a), Climate change, the macroeconomy and monetary policy .

NGFS (November 2024b), NGFS Climate Scenarios for central banks and supervisors – Phase V .

Shala, I. and B. Schumacher (March 2024), The impact of natural disasters on banks’ impairment flow – Evidence from Germany , Journal of Climate Finance.

Shi, M., Y. Zhang and C. Meinerding (2025), The Impact of Climate Policies on Financial Markets: Evidence from the EU Carbon Border Adjustment Mechanism , Deutsche Bundesbank Discussion Paper No 14/2025.

Zhou, S. and F. van der Ploeg (2024), Structural change and the climate risk premium Deutsche Bundesbank Discussion Paper No 17/2024.

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