I think the talk of transition risks and sail metaphors aren’t actually that relevant to your argument here? Wouldn’t a gradual and continuous decrease to state risk, like Kuznets curve shown in Thorstadt’s paper here, have the same effect?
Yeah it totally has the same effect. It can just be less natural to analyse, if you think the risk will (or might) decrease a lot following some transition (which is also when the risk will mostly be incurred), but you’re less confident about when the transition will occur.
Okay, that makes a lot more sense, thank you.
I think the talk of transition risks and sail metaphors aren’t actually that relevant to your argument here? Wouldn’t a gradual and continuous decrease to state risk, like Kuznets curve shown in Thorstadt’s paper here, have the same effect?
Yeah it totally has the same effect. It can just be less natural to analyse, if you think the risk will (or might) decrease a lot following some transition (which is also when the risk will mostly be incurred), but you’re less confident about when the transition will occur.