Gimar special topic edition the impact of climate change on the financial stability of the insurance sector

Graph 1:
Greenhouse gas emissions by economic sectors
Transport
Energy in buildings
Energy in industry
Energy in Agri & 
Fishing
Unallocated fuel 
combustion
Fugitive emissions from 
energy
Cement
Chemical & 
petrochemical 
(industrial)
Landfills
Wastewater
Livestock & Manure
Rice Cultivation
Agricultural Soils
Crop Burning
Forest, grass and 
cropland
Source: Climate Watch, World Resources Institute

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16
CPRS: definition and classification
CPRS
Role in GHG emissions
Transition risk
NACE (4-digit codes)
Fossil fuels
Production of primary 
energy based on fossil fuel; 
indirectly responsible for 
GHG emissions from fossil 
fuels
Revenues primarily from 
fossil fuels (eg extraction, 
refinement); diversification/
use of different resources 
not possible
Exraction of coal, gas and 
oil (eg 05.20), manufacturing 
related to the refinement of 
coal, gas and oil (eg 19.10) 
electricity and gas (eg 35.21), 
retail sales of automotive fuels 
(eg 47.30)
Utilities
Production of secondary 
energy, responsible for GHG 
emissions relative to type of 
fuel used
Revenues from generation, 
transmission or distribution 
of electricity; diversification 
possible (eg solar, wind)
Electricity production (eg 
35.11)
Energy-
intensive
Activities with intensive 
energy use as input
Affected by price changes 
of energy restrictions on 
use of GHG-intensive 
sources
Mining and quarrying (eg 
07.10), various manufacturing 
secors (eg 11.01, 13.10, 23.51) 
based on the European Union 
carbon leakage list
Transportation
Provision of and support for 
transportation services
Fossil-fuel intensive, but no 
strict dependence on GHG 
emissions, diversification 
possible
Manufacturing of motor 
vehicles, ships and trains 
(eg 29.10), construction 
of roadways (eg 42.11), 
sale of vehicles (eg 45.32), 
transportation (eg 49.10)
Buildings
Provision of building services 
from construcion to renting
Energy-intensive, but 
diversification possible
Residential and commercial 
construction (eg 41.10), 
accommodation (eg 55.10), 
real estate (eg 68.20)
Agriculture
Agriculture, forestry and 
related services
Energy-intensive, but 
diversification possible
Agriculture, forestry and 
fishery (eg 1.10)