气候变化会否触发金融危机?(2)
日期:2021-09-24 14:57

(单词翻译:单击)

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中英文本

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The second channel is financial firms’ exposure to the hazards of rising temperatures.

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第二个方面是金融公司会暴露在气温上升所带来的危害中1~r3h9_Qjfm;

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Attributing individual natural disasters to climate change is tricky, but the Financial Stability Board, a group of regulators,

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将单个自然灾害归咎于气候变化有点强人所难,但由监管机构组成的金融稳定委员会(Financial Stability Board)估计,

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estimates that global economic losses resulting from weather-related catastrophes went from $214bn in the 1980s, in 2019 prices, to $1.62trn in the 2010s, roughly trebling as a share of global GDP.

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与天气相关的灾害所造成的全球经济损失从上世纪80年代的2140亿美元(按2019年价格计算)上升至2010年代的1.62万亿美元,占全球GDP的比例大约增加了两倍.E05BHe;~wM=

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These losses are often borne by insurers (though over time the costs should be passed on to customers through higher premiums).

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这些损失通常由保险公司承担(不过,随着时间的推移,其成本应该通过更高的保费转嫁到了客户身上)ns=oM|6-.n4_+m8

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The financial system could also be exposed to any wider economic damage caused by climate change, say if it triggered swings in asset prices.

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如果气候变化引发资产价格波动,金融体系也可能受到气候变化造成的更广泛的经济损害kpfYzjg|xeX%

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This third channel is harder to quantify.

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第三个方面不太好量化Sq62mtOiyIiWMaP(h%

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Academic estimates of the effect of 3°C of warming (relative to pre-industrial temperatures) veer from financial losses of around 2% to 25% of world GDP, according to the Network for Greening the Financial System, a group of supervisors.

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根据监管机构绿色金融系统网络(Network For Green The Financial System)的数据,学术上对全球变暖3摄氏度(相对于工业化前的温度)所带来的经济损失的估计,约占世界GDP的2%到25%不等H1&|j4+RhQB

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Even the gloomiest estimate might prove too rosy if climate change triggers conflicts or mass migrations.

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如果气候变化引发冲突或大规模移民,那即便最悲观的预测也可能变得过于乐观p@4q6x-o&DGI6Qd+(,3v

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Perhaps the worst-case scenario for the financial system is where transition risks crystallise very suddenly and cause wider economic damage.

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对于金融体系来说,最糟糕的情况可能是转型风险突然显现,并造成更大范围的经济损害)ri_k)0[r9f0bGeJBDv=

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In 2015 Mr Carney described a possible “Minsky moment”, named after Hyman Minsky, an economist, in which investors’ expectations about future climate policies adjust sharply, causing fire sales of assets and a widespread repricing of risk.

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2015年,卡尼描述了一个可能的“明斯基时刻”(以经济学家海曼·明斯基(Hyman Minsky)的名字命名),即投资者对未来气候政策的预期大幅调整,导致资产贱卖和大范围的风险重新定价+1P8-D7|(6&gnYAd(rF|

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That could spill over into higher borrowing costs.

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这可能会导致借贷成本上升P95%RFn3Am|B_5w

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译文由可可原创,仅供学习交流使用,未经许可请勿转载aslgfBE+_R!jdX

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词语解释

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1.veer from 改变

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She will not veer from her brave new intentions.

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她不会改变她的大胆的新计划@&^MDr)G!cDj5HPAS,

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2.spill over into 渗透到

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Over time, her academic work began to spill over into activism.

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随着时间的推移,她的工作由学术转向行动)dct761(odM7|y]I]

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关注微信公众号【可可双语精读】,获取更多详细优质讲解内容xy1K]jOz)59*

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